China shoppers 'to boost growth'
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The World Bank raises its China growth forecast by almost 1%, despite fears of a global slowdown.
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A spokesman for China&#39;s National Bureau of Statistics (NBS) said here Friday that the 9.7 percent increase of consumption in the first three quarters this year is &quot;encouraging&quot;.
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China&#39;s economy will expand 8.8 per cent in 2004 and eight per cent in 2005, but growth next year may slow to 7.2 per cent if oil prices stay at around $40 a barrel, the Asian Development Bank said on Wednesday.
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China&#039;s economy expanded at its fastest pace in a decade with growth of 11.3 percent in the second quarter, official data shows, exceeding expectations and possibly signaling the need for new cooling measures.
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China is set to become to the world's largest consumer of energy by 2010, a report claims.
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China&#39;s economy grew by 9.5 percent year-on-year in the first nine months of this year, Spokesman Zheng Jingping for the National Bureau of Statistics announced in Beijing Friday.
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BEIJING -- China's booming economy grew even faster last year than originally thought, the government said yesterday, as authorities made public another measure meant to rein in the growth they fear could create problems.
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Interest rate hikes won't slow China's overheating GDP. Expect new controls on investment and credit.
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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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BEIJING, Dec. 25 -- Minister of Commerce Bo Xilai says China will take measures to expand foreign trade. He says the volume of China&#39;s foreign trade has grown rapidly in the past few years and made a great contribution to the world economy.
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Spending by US consumers rose in November, suggesting shoppers will continue to boost economic growth this quarter. The 0.2 percent gain in personal expenditures on goods and services
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The companies introduced dozens of new products, and sales in countries like China have increased as consumersâ incomes expand.
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Consumers on the Chinese mainland are most optimistic about the economic outlook of the next 12 months, according to a survey released here Wednesday by AC Nielsen.
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The increase fed speculation that China was yielding to international pressure and the state of its economy.
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Chinese consumer inflation rose in  February on the back of higher food costs, but economists said  they did not expect price pressures to get out of hand despite  breakneck growth and plentiful cash in the banking system.
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The Organization for Economic Co-operation and Development (OECD) has predicted that the Chinese economy would grow by 8 percent in 2005, saying a restrictive economic policy would lead to a slowdown.
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A spokesman for China&#39;s National Bureau of Statistics (NBS) said in Beijing Friday that the 9.7 percent increase of consumption in the first three quarters this year is &quot;encouraging&quot;.