China's GDP expected to grow 10.5% in 2006
(Xinhua)
Updated: 2006-10-11 16:01 Curbing sizzling investment in fixed assets will be the key as more efforts
are made to control land use and bank lending, Ma said in his report.
Ma said the NDRC would exercise stringent control over land use ratification,
intensify the management of land for industrial use, and raise land use fees for
new construction projects.
The NDRC will tighten control of new projects and check the aimless expansion
of sectors characterized by high energy consumption, serious pollution and
overproduction by lifting thresholds for market access, said the minister.
The NDRC will also make more efforts to increase farmers' income and promote
agricultural production, cut energy consumption and pollutant emission and
upgrade industrial structures, he said.
The NDRC will focus on solving problems that really concern people such as
education, employment, medical services and work safety, said Ma.
More efforts will be made to deepen reform in investment and resources
pricing systems as well as in sectors such as electricity, postal services,
railways and telecommunication.
Data from the National Bureau of Statistics (NBC) showed that investment in
fixed assets for the first half of the year were more than 4.23 trillion yuan
(US$530 billion), up 29.8 percent year on year nationwide, and up 31.3 percent
in urban areas.
China has adopted a series of measures to cool down the country's white-hot
economy. Urban fixed assets investment in August grew 21.5 percent, down 5.9
percent from July, according to statistics from the NBS.
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