Shanghai's Economy Grows 14.7 Percent
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Shanghai's economy grew at a blistering 14.7 percent in the first seven months of the year, seemingly defying efforts to cool off China's economy amid fears of overheating.
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Net income at the manufacturer grew 14 percent to $618 million, driven by growth in sales to commercial, defense and space markets.
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India's economy grows by more than 7% in the first quarter of the financial year - the results are better than expected.
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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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The British economy expanded by 2.9 percent during the first quarter of 2007 on a 12-month comparison, official data showed on Friday.
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China's economy grew by 11.5% in the three months to the end of September, official figures show.
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Philip Ehrmann, whose Gartmore China Opportunities Fund rose 14.7 percent during the past three months, is boosting his investment in Chinese retailers such as Wumart Stores Inc., anticipating that China's will remain the world's fastest-growing economy in 2005.
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Economies in developing Asia are expected to expand 7.7 percent this year, higher than the 7.2 percent initially projected, thanks to booming growth in China and India, the Asian Development Bank said Wednesday.
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Growth in Chinese industrial output picked up last month, boosted by strong export demand, figures show.
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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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The power meal of a rising urban class is found in one lake near Shanghai.
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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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China&#39;s annual economic growth surged  to an 11- year high of 11.9 percent in the second quarter,  cementing expectations for tighter policy to keep the world&#39;s  fastest-growing major economy from overheating.
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Exports in January rose 26.7 percent, to $109.7 billion, while imports grew by 27.6 percent, to $90.2 billion, according to the official Xinhua news agency.
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BEIJING  - China's finance minister says economic growth of nine per cent this year would be acceptable, state television reported this week in the first acknowledgment by a senior official that growth might exceed the government's target of seven per cent.
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ESSEN, Germany  - China joined the Group of Seven nations for talks on the global economy on Saturday, marking an effective expansion of the club which may also admit other emerging economic powerhouses to almost double its size.
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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.