China's GDP growth is expected to be 10.4 percent for the first six months of the year, according to one NDRC report. At the end of the first quarter, there was one report that said the GDP was up 10.3 percent. But the report highlighted excessive lending and investment in the past six months, warning a new bout of over-investment would be damaging in the long term. Over-investment could influence the stable growth of China's economy. Furthermore, the central government should follow a stringent monetary policy to prevent over-investment by local governments, the rapid growth of money supply and lending, over-production in some industries like steel, cement and aluminum, and soaring house prices in certain regions in China.
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