China's Wealth Gap Widens
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The politically sensitive gap in incomes between China's booming cities and the poor countryside is widening
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Surging exports trigger a rise in China's trade surplus with the rest of the world to a record  $27bn in June.
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China's economic boom is still roaring despite efforts to cool sizzling growth, with the gross domestic product climbing 9.5 percent in the first three quarters of this year, the government reported Friday.
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China's economy grew 11.4 percent in 2007, its fastest expansion in 14 years, driven by a boom in exports and investment, but growth slowed slightly toward the end of the year, according to government data reported Thursday.
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Chinese industrial production speeds up in May in spite of government measures to control the fast-growing economy.
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FRANKFURT (Der Spiegel) - China's economy is continuing to expand at a blistering rate - with 11.5 percent growth in the third quarter of 2007. It is now poised to overtake Germany as the world's third largest economy within weeks and will soon also take Germany's crown as the world's biggest exporter. China's economy is continuing to surge ahead in double-digit growth figures and is due to overtake Germany as the third largest in the world within the next few weeks.  The country announced 11.5 percent growth for the third quarter of 2007, down on the 11.9 percent of the second quarter thanks to government efforts to cool the boom.
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China's sizzling economy grew even faster in 2006 than previously reported, the government said Wednesday, moving it closer to overtaking Germany as the world's third-largest and possibly adding to fears of overheating.
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China's economy continues to expand at a rapid pace, growing 9.5% in 2004 despite government efforts to take it off the boil.
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China's trade surplus jumped nearly 33 percent in August to its second-highest monthly level, according to data released Tuesday, adding to pressure on Beijing to ease currency controls and narrow its yawning trade gap.
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BEIJING -- China's military spending will jump 17.8 percent this year, the spokesman for the National People's Congress said today. Jiang Enzhu told a news conference that military spending would hit $44.94 billion in 2007 -- an increase of $6.84 billion over last year. Jiang said most of the money would be spent on boosting wages and living allowances for ...
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China&#39;s retail sales in the first two  months rose a strong 14.7 percent from a year earlier,  reinforcing a trend of sturdy spending buoyed by rising incomes  and government steps to spur consumption.
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BEIJING -- China's sizzling economy grew faster in the second quarter despite official efforts to apply the brakes, expanding by 11.9 percent over a year earlier, the government reported Thursday. It said it would take new steps to cool the boom.
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Chinaâs second quarter growth exceeded forecasts, but the economy faces rising food prices, high energy consumption and a large trade imbalance.
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China's economy expanded 9.5 percent in 2004, the government said on Tuesday, issuing strong data that suggested Beijing will have to keep a tight grip on credit and investment this year.
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China's investment in factories, real estate and other urban assets in the first eight months of the year rose 26.7 percent from the same period last year, the government reported Friday, despite curbs meant to prevent runaway spending.
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The head of the Asian Development Bank warns of a widening poverty gap in Asia's fast growing economies.
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Income inequality is near record levels in many countries, and the worldÃÂs wealth has become even more narrowly concentrated than income.