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World Bank predicts 9.5% growth for China

Source:   Time:

  The World Bank said China's economy is expected to grow this year at a rate of 9.5 percent, but warned growth is likely to ease after a strong stimulus-fueled rebound last year, xinhuanet.com reported Friday.

  The bank said the Chinese economy has become less reliant on investment and will benefit from more favorable external trade.

  "China's economic outlook remains favorable," the report said, forecasting growth at 9.5 percent this year and 8.5 percent in 2011.

  Figures from the National Bureau of Statistics of China show the 2010 first quarter GDP growth at a rate of 11.9 percent. In May, the Consumer Price Index rose 3.1 percent, and the Producer Price Index increased by 7.1 percent.

  

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