Reply #3: China sees sweltering 9.5% growth

[MARALE]

http://money.cnn.com/2005/01/25/news/international/china_gdp.reut/index.htm

snip>

Gross domestic product for all of 2004 was 9.5 percent higher than a year earlier thanks in part to robust exports and agricultural production, the National Bureau of Statistics said.

That compared with growth of 9.1 percent in 2003 and was the strongest since 1996, when the economy grew 9.6 percent.

"What would economic growth have been like if we had not taken macro-economic control measures last year?" said Li, head of the bureau. "Maybe economic growth would have been much faster. Maybe we would have already seen serious inflation. Maybe we would have faced big ups and downs in the economy."


<snip