Railroad investment
(China Daily)
Updated: 2006-08-21 09:51
Investment slews
Growth in fixed asset investment slowed down last
month as government measures to rein in the economy began to bite.
Urban
fixed asset investment from January to July rose 30.5 per cent year-on-year to
4.48 trillion yuan (US$560 billion), compared to the annualized growth of 31.3
per cent in the first half of the year, the National Bureau of Statistics said
last week.
Rapid investment growth and concerns of potential overheating
in the economy have forced the central government to adopt a series of measures
to cool down investment and lending since the end of April.
Measures
included a lending-rate hike and higher reserve requirements for commercial
banks twice within two months, in addition to other credit curbs and land
control measures. The authorities also set a higher threshold for new
construction projects.
Internet rules
New regulations are in the
pipeline to regulate video content on the Internet in the wake of a surge in
short satirical films online, according to the State Administration of Radio,
Film and Television.
Video spoofs have become so popular that netizens
have even coined a slang term, "egao," to describe the act of using real film
clips to create mocking send-ups.
From late August or September, only
authorized websites such as sina.com, sohu.com and netease.com, will be allowed
to show short films under the regulations, Xinhua News Agency reported, citing
an announcement by the administration.
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