Economy to grow 9.4% this year

From Xinhua today: “China’s economy is expected to grow 9.4 per cent this year and slow slightly to 8.9 per cent next year, reported the Chinese Academy of Social Sciences at a symposium on China’s economic situation in Beijing yesterday.

Wang Tongsan, a senior economist with the academy, said the country’s economic growth this year should be higher than last year’s 9.1 per cent, as the economy has stepped into an upward development period. ”

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