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China's economy grew 9.9 percent in '05
(AP)
Updated: 2006-01-25 10:35
China's economy grew by a dazzling 9.9 percent in 2005, the government said
Wednesday, slightly exceeding earlier unofficial estimates.
Strong export growth and foreign investment helped to underpin that robust
expansion, despite efforts by the government to curb excessive investments
in construction and redundant factories that have strained transport networks
and supplies of energy and other resources.
The growth was a slight decline from the 10.1 percent economic growth
rate seen in 2004.
China recently revised that figure upward from 9.5 percent based on an
economic census that uncovered much larger than expected growth in the services
sector.
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