Sixty percent of
economists said China's economy is showing signs of
overheating, according to a survey published by the Caijing Magazine on Tuesday.
The survey, conducted by
the China
Economic Monitoring Center of the National Bureau of
Statistics (NBS), asked 76 Chinese economists for their opinions on the
performance of the economy in the second quarter.
Fifty-six percent of the
economists said China's economy is showing signs of
overheating. That's up from the survey conducted at the end of the first quarter
when only 15 percent thought the economy was overheating.
Thirty-seven percent of
the surveyed economists think the current economic situation is normal, while 22
percent had the same thought during the first quarter survey.
According to statistics
released by the NBS, China's investment in fixed assets
grew 29.8 percent year on year, up 4.4 percent over the same period last year.
Twenty-five percent of the
surveyed economists think the current demand for investment is bad, while only
12 percent shared that view in the first quarter. Only six percent think the
investment demand situation is good, while 69 percent think it is satisfactory.
Fifteen percent of the
economists think domestic demand is good while 62 percent are satisfied with
consumer demand and 23 percent think it is too weak.
Many of the economists
expressed positive sentiments about China's exports with 19 percent
believing the current level of exports is good, 72 percent say the situation is
satisfactory, while nine percent think it is not good.