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Economy to grow 9.2 per cent this year
By Su Bei (China Daily)
Updated: 2005-09-09 05:56
The country may face increasing energy bottlenecks in the future unless
pricing becomes more responsive to market demand, and energy conservation and
efficiency are encouraged, he said.
Zhuang pointed out that State-owned commercial banks need to improve services
and strengthen capital structures and management in face of foreign competition.
He added that overcapacity in some industries has resulted from heavy
investment.
"If the problem is not solved, deflationary pressure
could develop and weaken profitability," he said.
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