China’s leaders strike cautious note as the economy accelerates
China is still overwhelmingly dependent on the state’s influence - and its cash, writes Mairtin O’Riada in Beijing
After a brief interruption, normal service has been resumed. New figures show China’s economic engine roaring back to life after just a few months in the doldrums.
But with growth still largely reliant on government spending, observers have warned of problems ahead for the world’s third-largest economy.
Data released last Thursday by the National Bureau of Statistics showed that China’s GDP growth soared to 8.9 per cent in the third quarter...
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