China Fixed Asset Investment April 2008
Source: http://chinaeconomywatch.blogspot.com/2008/05/china-fixed-asset-investment-april-2008.htmlPosted on Thursday, May 15th, 2008 | In China
China’s factory and property spending climbed 25.7 percent in the four months up to April. Fixed-asset investment in urban areas rose to 2.8 trillion yuan ($400 billion), the statistics bureau said today. br /br /China ordered banks this week to set aside a record proportion of their reserves to cool the world’s fourth-biggest economy after inflation surged last month to almost a 12-year high. Spending by newly appointed local government officials and reconstruction work after the 7.9-magnitude quake may boost investment growth this year. br /br /Property investment rose 32 percent, accounting for a quarter of total spending, and investment in coal mining surged 47 percent. br /br /What is now the world’s fourth-largest economy grew 10.6 percent in the first quarter, a slower pace than the 11.2 percent growth in the previous three months, after exports cooled. br /br /br /Inflation, on the other hand was up at 8.5 percent in April. br /br /a href=”http://bp2.blogger.com/_ngczZkrw340/SCf5hbMkBSI/AAAAAAAAFjE/clVxFtacRAM/s1600-h/china+inflation.jpg”img id=”BLOGGER_PHOTO_ID_5199398647453975842″ style=”DISPLAY: block; MARGIN: 0px auto 10px; CURSOR: hand; TEXT-ALIGN: center” alt=”" src=”http://bp2.blogger.com/_ngczZkrw340/SCf5hbMkBSI/AAAAAAAAFjE/clVxFtacRAM/s320/china+inflation.jpg” border=”0″ //abr /br /br /Producer prices rose 8.1 percent last month from a year earlier, the fastest pace in more than three years.
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 About Edward Hugh (http://globaleconomydoesmatter.blogspot.com)
Edward Hugh is a macro economist, who specializes in growth and productivity theory, demographic processes and their impact on macro performance, and the underlying dynamics of migration flows. Hugh is a founding member and regular contributor to a number of economics weblogs, including Global Economy Matters, Demography Matters and a number of others. Edward 'the bonobo' Hugh is a Catalan economist of British extraction based in Barcelona. By inclination he is a macro economist, but his obsession with trying to understand the economic impact of demographic changes has often taken him far from home, off and away from the more tranquil and placid pastures of the dismal science, into the bracken and thicket of demography, anthropology, biology, sociology and systems theory. All of which has lead him to ask himself whether Thomas Wolfe was not in fact right when he asserted that the fact of the matter is "you can never go home again". He is currently working on a book with the provisional working title "Population, the Ultimate Non-renewable Resource". Edward also writes regularly for the demography blog Demography Matters. He also contributes to the Indian Economy blog . His personal weblog is Bonobo Land . Edward's website can be found at EdwardHugh.net. Edward follows in detail the Indian, Italian, Spanish, German and Japanese economies. He also has a more than a passing interest in the economies of Turkey and Brazil and in the emerging economies of Eastern Europe. |
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