| ID | 084743 |
| Title Proper | China's excessive investment |
| Language | ENG |
| Author | Lai, Pingyao |
| Publication | 2008. |
| Summary / Abstract (Note) | China's economy has witnessed serious excessive investment over the past 5 years, mainly in the infrastructure and real estate. Excessive investment has adverse impacts on both economic growth and macroeconomic stability. The main causes of this excessive investment are inappropriate growth strategies, low interest rates and weak constraints on government investment expenditure. To effectively control excessive investment, China needs to adjust its growth strategy, to speed up the process of interest rate marketization, and reform the existing public expenditure system. |
| `In' analytical Note | China and World Economy Vol. 16, No. 5; Sep-Oct 2008: p51-62 |
| Journal Source | China and World Economy Vol. 16, No. 5; Sep-Oct 2008: p51-62 |
| Key Words | Excessive Investment - China ; GDP Growth - China ; Low Interest Rate - China ; Real Estate Bubble - China ; Manufacturing Industry |