China Says Economy Grew 11.5%
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Chinaâs sizzling economy grew 11.5 percent in the third quarter, surging ahead despite official efforts to cool the countryâs boom.
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China grew 11.4 percent in 2007, the  fastest pace in 13 years, but is headed for a modest slowdown  this year as global demand weakens and credit curbs to cap  inflation ripple through the economy.
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China's inflation rate in August was 5.3 percent year-on-year, matching July's figure as food prices continued to soar, official data showed.
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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 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 said yesterday that its economy grew at an 11.9 percent annual rate in the second quarter of this year, the fastest pace in more than a decade, reigniting fears the economy is overheating.
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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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China's 500 top businesses saw their combined profits rise 23 percent in 2005, with strong earnings in the petrochemicals, banking and metals industries contributing a large share of the growth, according to a study published Monday.
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China's first plan to confront climate change cites growth as its top priority.
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China's economy, the world's second largest, is not as big as was thought, a report by the World Bank claims.
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China's key inflation indicator remained at 5.3 percent in August, the government reported Monday in the latest release of data suggesting economic planners might take further action to slow the booming economy.
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China on Thursday announced it will raise interest rates for one-year loans by 0.27 percentage points to 5.58%, the first increase in more than nine years.
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China has decided to raise its benchmark one-year lending rate to 5.58 percent from 5.31 percent with effect, the first such move in nearly a decade, the central bank said on its website.
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YEARENDER-China Focus: Engine of Chinese economy pressurized by "growing pains" HANGZHOU, Dec.
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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's supercharged economy grew by a stunning 11.5 percent in the third quarter, slowing slightly but staying on track to overtake Germany as the world's third-largest economy within weeks, according to data reported Thursday
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China's annual economic growth surged to an 11-Â½ year high of 11.9 percent in the second quarter, cementing expectations for tighter policy to keep the world's fastest-growing major economy from overheating.