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Chinese Macro Economic Measures Pay-Off

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XINHUA, China (June 4) – Premier Wen Jiabao said that China’s measures to curb excessive growth in fixed-asset investment have begun to yield success. The major focus is on restricting bank loans and land use in an attempt to reign-in the overheated economy. Further positive developments are the increasing consumer confidence, boosting China’s internal market. […]

XINHUA, China (June 4) – Premier Wen Jiabao said that China’s measures to curb excessive growth in fixed-asset investment have begun to yield success. The major focus is on restricting bank loans and land use in an attempt to reign-in the overheated economy. Further positive developments are the increasing consumer confidence, boosting China’s internal market. Especially consumption of housing, cars and communication and the expected boom in tourism will have it’s effects on the Chinese economy.
Also, the overall recovering world economy, although still a bit shaky, has given international organisations reason to gear-up the expectations for 2004. Rising prices of raw materials and energy and the high prices for transport are the main obstacles for a full recovery.(MH)

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