China Raises Economic Growth To 10.2%

China has revised upwards its 2005 economic growth figure to 10.2% from 9.9%, the National Bureau of Statistics said Aug. 30.The 0.3 percentage point upward adjustment means that the world's fourth largest economy was worth $18.3 trillion yuan (US$2.29 trillion). The growth was fueled by record exports and continued strong investment.

The government said it arrived at the new figures after recalculating growth in heavy and light industry, as well as services.

During the first six months of 2206, the Chinese economy grew by 10.9%, well above the government's full-year target of about 8%.

Copyright Agence France-Presse, 2006

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