In The China Economy Yearbook, Volume 2 | ISBN: 9789004168022

Since 2006, China's economic situation has performed well overall but faces certain issues which need urgent attention. One of these is the excessively rapid increase in investment in fixed assets, and the excessive scale of this investment. The continuing “three highs” (三高) (i.e. high absolute investment growth, high proportion of investment to GDP, and high impact of investment on economic growth) manifested in investment can very easily cause national or local overheating of the economy.

As a result of China's almo…