China reins in economic expansion China's growth in fixed-asset investment and its money supply slowed considerably in August， providing firm evidence that the government's tightening measures were reining in the country's rapid economic expansion.
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yv' Urban fixed-asset investment in August rose 21.5 per cent compared with a year ago， a marked slowdown from the 30.5 per cent expansion from January through July and the slowest for a single month since December 2004. M2， the broad indicator for money supply， rose 17.9 per cent last month compared with 18.4 per cent in July and June.
qtgK}*9ptv China's economy has been growing at a record pace， expanding by 11.3 per cent in the second quarter. Beijing officials and many economists are concerned that such growth rates are not sustainable in the longer term.
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