The growth of fixed assets investment in China soared to a high record in the first quarter of 2004 after gross domestic product （GDP） bounced substantially in 2003. A bubble is emerging posing threats to Chinese ec...The growth of fixed assets investment in China soared to a high record in the first quarter of 2004 after gross domestic product （GDP） bounced substantially in 2003. A bubble is emerging posing threats to Chinese economic development. In order to cool down the overheated investment, Chinese government should promptly take effective measures in macroeconomic control to limit or guide the red-hot investment in some sectors and slow down its growth, thus implements the changes from administrative-driven investment to enterprise-driven investment and from investment-driven economic growth to consumption-driven growth.展开更多
文摘The growth of fixed assets investment in China soared to a high record in the first quarter of 2004 after gross domestic product （GDP） bounced substantially in 2003. A bubble is emerging posing threats to Chinese economic development. In order to cool down the overheated investment, Chinese government should promptly take effective measures in macroeconomic control to limit or guide the red-hot investment in some sectors and slow down its growth, thus implements the changes from administrative-driven investment to enterprise-driven investment and from investment-driven economic growth to consumption-driven growth.
