{"id":8064,"date":"2006-06-14T20:48:19","date_gmt":"2006-06-15T03:48:19","guid":{"rendered":"http:\/\/chinadigitaltimes.net\/2006\/06\/14\/china-fixed-asset-investment-growth-picks-up-in-may-bloomberg\/"},"modified":"2008-08-15T05:31:19","modified_gmt":"2008-08-15T12:31:19","slug":"china-fixed-asset-investment-growth-picks-up-in-may-bloomberg","status":"publish","type":"post","link":"https:\/\/chinadigitaltimes.net\/2006\/06\/china-fixed-asset-investment-growth-picks-up-in-may-bloomberg\/","title":{"rendered":"China Fixed-Asset Investment Growth Picks Up in May-Bloomberg"},"content":{"rendered":"<p>\nFrom Bloomberg:\n<\/p>\n<blockquote>\n<p>Investment in China&#8217;s real estate, factories, and utilities unexpectedly accelerated in May, adding to pressure on the government to curb bank lending.<\/p>\n<p><a href=\"http:\/\/en.wikipedia.org\/wiki\/Fixed_asset\">Fixed-asset investment <\/a> in towns and cities climbed 30.3 percent to 2.54 trillion yuan ($318 billion) through May, the Beijing-based <a href=\"http:\/\/www.stats.gov.cn\/english\/\">National Bureau of Statistics <\/a> said today. The increase compares with a 29.6 percent gain in the first four months and 26.4 percent in the same period last year.<\/p>\n<p><a href=\"http:\/\/en.wikipedia.org\/wiki\/Wen_Jiabao\">Premier Wen Jiabao <\/a>yesterday told local governments and banks to limit lending to stop a spending binge that the World Bank says could cause the world&#8217;s fastest-growing major economy to slow abruptly. The <a href=\"http:\/\/en.wikipedia.org\/wiki\/Central_bank\">central bank <\/a>, which raised lending rates in April for the first time in 19 months, today announced plans to step up operations to drain funds from the financial system.<\/p>\n<p><a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=10000087&#038;sid=aIEqHAspO8fk&#038;refer=top_world_news\">[Full text]<\/a>\n<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>From Bloomberg: Investment in China&#8217;s real estate, factories, and utilities unexpectedly accelerated in May, adding to pressure on the government to curb bank lending. Fixed-asset investment in towns and cities climbed 30.3 percent to 2.54 trillion yuan ($318 billion) through May, the Beijing-based National Bureau of Statistics said today. The increase compares with a 29.6 [&hellip;]<\/p>\n","protected":false},"author":75,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[3378,3491,3409,5936],"class_list":["post-8064","post","type-post","status-publish","format-standard","hentry","category-economy","tag-central-bank","tag-fixed-asset-investment","tag-national-bureau-of-statistics","tag-wen-jiabao","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.9 (Yoast SEO v23.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>China Fixed-Asset Investment Growth Picks Up in May-Bloomberg<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/chinadigitaltimes.net\/2006\/06\/china-fixed-asset-investment-growth-picks-up-in-may-bloomberg\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"China Fixed-Asset Investment Growth Picks Up in May-Bloomberg\" \/>\n<meta property=\"og:description\" content=\"From Bloomberg: Investment in China&#8217;s real estate, factories, and utilities unexpectedly accelerated in May, adding to pressure on the government to curb bank lending. Fixed-asset investment in towns and cities climbed 30.3 percent to 2.54 trillion yuan ($318 billion) through May, the Beijing-based National Bureau of Statistics said today. The increase compares with a 29.6 [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"http:\/\/chinadigitaltimes.net\/2006\/06\/china-fixed-asset-investment-growth-picks-up-in-may-bloomberg\/\" \/>\n<meta property=\"og:site_name\" content=\"China Digital Times (CDT)\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ChinaDigitalTimes\" \/>\n<meta property=\"article:published_time\" content=\"2006-06-15T03:48:19+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2008-08-15T12:31:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/chinadigitaltimes.net\/wp-content\/uploads\/2021\/08\/CDT-logo.png\" \/>\n\t<meta property=\"og:image:width\" content=\"186\" \/>\n\t<meta property=\"og:image:height\" content=\"177\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Zhao Ying\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" 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