China Expected To Grow 9.5% In 2010

From AFP:

China is expected to grow by about 9.5 percent in 2010, state media quoted a government think tank as saying Friday, exceeding forecasts made by outside experts for the new year.

The world’s third-largest economy will be boosted by double-digit growth in real estate investment and mild inflation, the State Council’s Development Research Centre said in a report published in the China Economic Times.

“In 2010, the external environment will remain rather grim but it will not deteriorate further,” Zhang Liqun, a macroeconomist at the centre, said in the report.

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