China: Efforts to Cool Economy Working
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The head of China&#39;s central bank said on Sunday Beijing&#39;s efforts to curb excessive credit growth were bearing fruit, increasing chances the country&#39;s booming economy would achieve a &quot;soft landing.
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Growth in China&#39;s roaring economy is expected to continue apace this year, rising 10.9 percent, a government think tank report said Wednesday, urging further economic cooling measures.
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China's economy, the world's second largest, is not as big as was thought, a report by the World Bank claims.
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China's economy picks up pace, stoking fears it may be overheating and driving the rate of inflation.
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Investor's Business Daily - Government efforts to cool soaring Chinese stocks sparked heavy selling in Shanghai on Wednesday. But unlike three months ago, global markets took the drop in stride.
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China can claim some success in the battle to cool its roaring economy in 2004 with a series of macro policies helping prevent another boom-bust cycle, but much remains to be done if Beijing is to avoid increasing wrangles with trade partners.
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China said cooling the world&#39;s fastest- growing major economy and maintaining a stable currency will be government priorities next year.
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China could take action on Friday to cool its red-hot economy by raising interest rates or scrapping a withholding tax on interest income, analysts said on Friday.
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China's first plan to confront climate change cites growth as its top priority.
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China sets out its strategy for tackling climate change, but stresses it will not sacrifice economic growth.
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China&#39;s annual inflation rate dropped sharply in November, providing further evidence that steps to cool the economy are working and reducing the chances in the near term of a fresh rise in interest rates.
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China&#39;s top Communist party leaders have called for stability in the country&#39;s monetary and fiscal policies and continued efforts to rein in growth in fixed-asset investment, in a
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YEARENDER-China Focus: Engine of Chinese economy pressurized by "growing pains" HANGZHOU, Dec.
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But few practical steps are being taken to move China's burgeoning economy away its heavy dependence on fossil fuels.
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China is planning to extend official policies clamping down on credit into 2005, to try to keep the economy from boiling over.
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China&#39;s leaders should not relax their efforts to cool the country&#39;s fast-growing economy, the International Monetary Fund has warned.
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Chinese capital spending in November  barely slowed from record heights despite curbs on lending,  showing that the central bank's task in keeping the economy  from overheating remains formidable.