TITLE

China aims to rein in economy

AUTHOR(S)
Kovac, Matt
PUB. DATE
March 2007
SOURCE
ICIS Chemical Business;3/26/2007, Vol. 2 Issue 59, p12
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
24684066

 

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