China's central bank, the People's Bank of China (PBOC), warned that large
imbalances remain in the Chinese economy as the gaps widened between investment
and consumption as well as urban and rural development.
While retail sales rose 8.6
percent in the first three quarters of this year, investment in fixed assets rose 30.5 percent.
Development in urban areas far outpaced that in rural areas and the half of the
workforce engaged in agricultural production contributed only 15.4 percent of GDP in
The PBOC also warned that growth in the economy was unevenly distributed in
favor of industries like automobiles, steel, cement and real estate.