{"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":"
\nFrom Bloomberg:\n<\/p>\n
\nInvestment in China’s real estate, factories, and utilities unexpectedly accelerated in May, adding to pressure on the government to curb bank lending.<\/p>\n
Fixed-asset investment <\/a> in towns and cities climbed 30.3 percent to 2.54 trillion yuan ($318 billion) through May, the Beijing-based 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
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’s fastest-growing major economy to slow abruptly. The 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