'Steps needed' to maintain stable economy

Fixed-asset investment and retail sales growth remained sound in the first nine months of the year, but the government still needs to take steps to maintain a stable economy, analysts said yesterday.

This is important because the global slowdown could bite into the country's GDP growth.

The overall fixed-asset investment grew 27 percent from January to September, up 1.3 percentage points year-on-year, Li Xiaochao, spokesman for the National Bureau of Statistics (NBS) said yesterday.