Beijing Calls for New Measures to Cool Escalating Economy – AP

From Los Angeles Times (link):

China’s Cabinet called for new measures Friday to clamp down on investment and bank lending to head off signs that the country’s breakneck economy may be .

Premier Wen Jiabao and other members of the State Council called for the policy changes after examining data on the money supply and investment in buildings, factories and other fixed assets, the government’s Xinhua News Agency reported.

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