China aims to rein in economy

Kovac, Matt
March 2007
ICIS Chemical Business;3/26/2007, Vol. 2 Issue 59, p12
Trade Publication
The article reports on efforts made by China to slow down its economy. According to the central bank, the increase in borrowing and lending benchmark rates should help to curb lending and investment, but promote healthy development of the economy. Excessive liquidity in the market has led to a boom in investment in petrochemicals. Authorities are expected to implement measures in 2007 to put a stop to small coal-to-chemical companies by demanding that plants hit a designated output.


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