China govt think-tank sees H1 GDP up 10.4 percent – Reuters

From Reuters:

China’s GDP is likely to have grown 10.4 percent in the first half of 2006, accelerating from 10.3 percent in the first quarter, a government think-tank said in a report published on Tuesday.

The Academy of Macroeconomic Research under the National Development and Reform Commission, the country’s planning agency, urged the government to raise both lending and deposit rates more aggressively to cool down growth.[Full Text]

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