China’s economy grew at an annual rate of 9.6% of the third quarter, slightly ahead of expectations.
The economy’s vigorous growth comes as Chinese policy makers grow increasingly concerned about rising prices. Inflation accelerated to an annual rate of 3.6% in September, the highest in almost two years, Bloomberg News said.
China has raised interest rates and forced state-owned banks to reduce…
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China’s Economy Grew 9.6% in Third Quarter originally appeared on DailyFinance on Thu, 21 Oct 2010 06:33:00.
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