Tuesday, April 19, 2005

China's GDP grows 9.5% in 1st quarter

From Bloomberg: China's Economy Grows 9.5 Percent, More Than Expected

"China's economy, which accounted for a 10th of global growth last year, expanded more than expected in the first quarter as exports and investment surged.
Gross domestic product rose 9.5 percent from a year earlier to 3.14 trillion yuan ($379 billion), matching the fourth- quarter's gain, the National Bureau of Statistics said in a statement released in Beijing. That exceeded the median 9 percent gain forecast in a Bloomberg News survey of 11 economists. "

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