Macro: High investment reasonable
(Shenzhen Daily)
Updated: 2006-04-18 14:58
China's high rates of investment are reasonable given the country's high
savings rate and are a key for maintaining economic growth, according to a media
report Monday.
The government's attitude is shifting this year to maintaining an appropriate
level of investment after clamping down on investment last year, said Li Yang, a
senior economist at the Chinese Academy of Social Science, a think tank backed
by the State Council, in the China Securities Journal.
The large proportion of manual labor in China's population has led to a high
savings rate, which can support a high level of investment, said
Li.
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