Burton Mills: China Economy Continues to Slow

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Burton Mills China Economy Continues to Slow
1888PressRelease - Burton Mills Chinas economy
slows as authorities crack down on pollution and
speculative financing. With fixed asset
investment, industrial activity and retail sales
falling short of expectations last month, Chinas
economy slowed further as the government
implemented a hard approach to factory pollution
and debt risks. Beijing is now in its second
year of a program to decrease elevated levels of
debt as the government is concerned that unsafe
lending practices could endanger the
economy. Data recently released by Burton Mills
indicated that policy makers are making some
headway in neutralizing financial risks by easing
China off its reliance on cheap credit and
suggested moderate growth would take place over
the next several quarters. According to the
National Bureau of Statistics, industrial
production increased by 6.2 percent on an annual
basis last month, less than analysts forecast of
6.3 percent and less that 6.6 percent the month
before. Fixed-asset investment growth also
missed analysts expectations of 7.4 percent and
decreased to 7.3 percent in the January-October
period. Economists at Burton Mills believe that
the moderation in growth indicates that expansion
slowed last month and will continue to do so in
the coming quarters.
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Property investment growth also eased after the
government implemented more stringent regulations
to drive out the speculative financing that has
fueled a two year long property boom. Sales and
new construction projects decreased last
month. Burton Mills economists stated that the
slowdown in the property sector was what the
government is looking to achieve and that it was
unlikely that they would adjust their policy
making strategy. http//www.bizcitynews.com