Economy sees 9.4% growth
21 October 2005
Investment and net exports helped China's economy grow at an annualized rate of 9.4% from July to September, the ninth successive quarter in which output has risen by more than 9%, the Financial Times reported. The sustained growth shown in the latest figures released by the government suggests that expectations of a slowdown in the Chinese economy are evaporating. Fixed asset investment increased by 26.1% in the first three quarters, a slight fall on the 27.7% recorded for the same period last year, in spite of a campaign to squeeze lending to sectors including real estate and steel.
