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Bubble concerns grow; pressure increases for more economic cooling

China's scorching factory investment a 'worry'
Bubble concerns grow; pressure increases for more economic cooling

HONG KONG (MarketWatch) -- China's investment in factories, land and other assets in urban areas surged 27% in the first 10 months of the year, adding to concerns of a looming bubble in industrial spending and raising pressure on the government to rein in investment.
Investment in fixed urban assets totaled 8.9 trillion yuan ($1.2 trillion) in the January to October period, the statistics bureau reported on Friday.
The data cap a busy week of October statistics that showed surging retail spending, robust industrial production and inflation nudging 11-year highs.

Economists said Friday's scorching factory-investment figures raised concerns the economy could be heading for a deflationary bust if external demand fails to soak up the capacity due to come online over the next few years.

 

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