Fast pace of investment in China to slow down

BEIJING: China’s fast fixed asset investment is expected to slow down from the second quarter of this year, economists say. Zhu Jianfang, an economist at China Securities, says the fast investment during the first two months of this year could not be maintained throughout the year.  

Since the second half of last year, the central government has taken a series of measures to prevent the fixed asset investment from growing too much. These measures include raising the bank reserve requirement, tightening loans to the steel, aluminium and cement industries, and beefing up management over development zones.