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Home >> Business
UPDATED: 11:17, November 11, 2004
China predicts 9.3% growth rate
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China's State Information Center predicts China's gross domestic product will grow by 9.3 percent for all of this year, with a total of 13.4 trillion yuan or 1.6 trillion US dollars, China Radio International reported Thursday.

The center says China's overall economy runs from overheating to normal status. It predicts the increase of fixed asset investment this year will be slower than last year. It says trade surplus will decrease from last year's 25.4 billion US dollars to this year's 4.4 billion US dollars.

In another development, the World Bank says China's policy measures to cool down the economy are starting to show some success. It predicts China's GDP to grow by 9.25 percent this year.


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