Record growth puts strain on China’s economy

China recorded record-breaking economic growth again in 2006, with GDP increasing by 10.7 per cent over the last 12 months, and forecasts that rapid growth is continuing into this year.

27th January, 2007

China recorded record-breaking economic growth again in 2006, with GDP increasing by 10.7 per cent over the last 12 months, and forecasts that rapid growth is continuing into this year.

After four consecutive years of double-digit growth, the burgeoning superpower is on course to overtake Germany as the world’s third largest economy by 2008.

The country’s strongest economic performance since 1994 was fuelled by soaring exports and investment in real estate and other assets. But the excess...

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