China urged to cool down hot economy?!
There is always wicked news everyday. Why would a government wants to cool down HOT HOT HOT economy when there is such a tremendous growth??!! 
Too much economic growth is a bad thing? Wouldn’t it be better to have a strong economy with lots of employment? Go figure. 
BEIJING - China’s government has issued yet another warning to its 31 provinces to rein in their red-hot economies, state media said Sunday.
In particular, investment in factories, residential buildings and other fixed assets must be cooled down, Vice Premier Zeng Peiyan said, according to the Xinhua news agency.
“The central government has made explicit requirements on economic work in the second half,” Zeng said during a recent trip to the southwestern province of Yunnan.
“Fixed-asset investment should be put under tight control and more efforts made to lower energy consumption and improve environmental protection.”
China’s economy, the world’s fourth largest, expanded by an annualised 10.9 percent in the first six months of the year, boosted by massive investment especially in the provinces.
Read more on: chinadaily.com.cn
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