China's economy expected to expand 9.5% in 2010.

By bne IntelliNews January 4, 2010
According to news agency AFP , the Development Research Centre of the State Council stated in a recent report that China's economy was expected to expand by around 9.5% in 2010. The report said that the external environment was not likely to deteriorate further and that China's exports were likely to show positive growth. According to the report, real estate investment was expected to grow by between 30% and 40%, while the consumer price index was likely to remain below 3% in 2010. The Asian Development Bank has predicted that the economy will grow by 8.9% in 2010, while the International Monetary Fund has predicted a growth rate of 9%. The country's economic growth slowed to 6.1% in Q1/2009, but improved to 7.9% in Q2/2009 and 8.9% in Q3/2009.

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