chinas-economy-refuels-in-midair

China's economy refuels in mid-air

Exports and investment lead the way, while food prices drive inflation.
The Chinese economy expanded by 11.5% in the first six months of the year following an unexpected resurgence of economic activity from early 2007.

The Chinese government has so far met with little success in reining in growth, which picked up further between the first and second quarters of the year. Although more cooling measures can now be expected, the strong economic impetus of the first half of 2007 means that real gross domestic product GDP growth for the year is now projected to come in at 11.3%.

Standard Poor's Ratings Services expects the authorities to be cautious in applying the brakes. This suggests that the growth momentum could remain in the double-digit range for...
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