[NYTr] What China is Really Saying about Economy

[All the News That Doesn't Fit]

[With all the focus on what the Chinese are saying about the Almighty
Dollar, here's a report about what they are actually saying about their
own economy which -- one might think -- is sort of their first
concern.-NYTramnsfer]

Prensa Latina, Havana
http://www.plenglish.com

Chinese Bank Warns of Rapid Growth

Beijing, Aug 13 (Prensa Latina) The People's Central Bank alerted on
Monday that China's accelerated nonstop growth could force the bank to
adopt measure to prevent economic overheating.

Central Bank Vice President Zhang Tao told China Securities Journal
that such indicators as the rates of sustained and strong GDP, fixed
active investment, inflation and credit could put the Chinese economy
in a dangerous zone.

He added that China will continue tightening its moderate monetary
policy in the second half of the year and enforce measures to absorb
liquidity.

hr/ccs/emw/jmg