SHANGHAI (AFX) - China's economy as a whole is not overheating despite rapid credit growth and excessive growth in property prices, the State Information Center, a government think-tank, said in a report published on the Shanghai Securities News.
Indicators for April showed that the macro-economy is still operating in a 'greenlight area', which means the economy is generally healthy with no signs of overheating, according to the SIC, an agency under the National Development and Reform Commission, China's top economic planning body.
China's gross domestic product (GDP) expanded more rapidly than expected at 10.3 pct in the first quarter.
(1 usd = 8.00 yuan)
jqf/tr
© 2006 AFX News
