More macro control measures needed – China Daily
From China Daily:
Despite efforts to slow the pace down, China’s economy reported breakneck growth in first half year. Now officials and experts are saying that more macro control measures must be adopted to rein in the galloping economy.
China’s economy surged a year-on-year 10.9 percent in the first half of 2006 and total investment in roads, factory equipment and other fixed assets soared 29.8 percent, an increase of 4.4 percentage points on the same period last year.
With oodles of money and investment flushing around in the economy while progress on social issues remains slow, China’s economic development is becoming unbalanced. [Full Text]