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Article: China's Economic Growth is Likely to Remain Robust, but the Costs of Keeping Policy Expansionary Increase Over Time, Says World Bank.
- Article from:
- M2 Presswire
- Article date:
- November 4, 2009
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M2 PRESSWIRE-4 November 2009-WORLD BANK GROUP: China's Economic Growth is Likely to Remain Robust, but the Costs of Keeping Policy Expansionary Increase Over Time, Says World Bank(C)1994-2009 M2 COMMUNICATIONS
RDATE:04112009
BEIJING, -- Large fiscal and monetary stimulus has supported a recovery in China's economy, according to the World Bank's latest China Quarterly Update released today.
The Update, a regular assessment of the Chinese economy, finds that falling exports amidst the global recession have been a major drag on growth. Nonetheless, real GDP growth rose to 8.9 percent year-on-year in the third quarter on the back of the stimulus.
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