China c.bank sees risk of investment rebound

BEIJING, Nov 2 (Reuters) Tightening by the central bank has already succeeded in slowing China's economic growth, but there is a risk that fixed-asset investment will rebound, Su Ning, a deputy governor of the People's Bank of China, said on Thursday.

Su told a business conference that the central bank would continue to deploy an array of measures, including open market operations, to rein in credit growth.

Because of time lags, the impact of earlier tightening measures -- which include two rises in interest rates and required reserves -- had not been fully felt yet, Su said.

He added that China's economy, on course for its fourth straight year of double-digit growth, was still expanding broadly within its potential.

REUTERS DKS DS1652