China's slow economy, overcapacity limit investment opportunities - central bank

China's slow economy, overcapacity limit investment opportunities - central bank
 

China's slowing economy and problems with industrial overcapacity have reduced investment opportunities, the official Xinhua news agency said, citing Fan Gang, a member of China's central bank monetary committee.
Fan said eliminating ineffective policies, strengthening property rights and raising confidence of private companies will help stimulate investment, according to Xinhua.
Private investment grew just 2.1 percent in the first eight months of the year, the same pace as in January-July and remaining at record lows.
China cannot solely drive reforms regardless of the cost to economic... read more

 
29 September 2016 in Business, Views: 27
Source: Reuters
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