China to control overinvestment on fixed assets

Byzjx

Updated Fri, 10 Dec 2004 00:00:00 GMT

China will continue to control overinvestment in fixed assets next year, to prevent disorder construction and overexpansion in some sectors.

    The head of the National Development and Reform Commission, Ma Kai made the comments at a two-day discussion to decide next year's national targets for economic and social development.

    He says China will continue its macro-control measures next year, but the focus will be slightly different.