Economics
China Grows 8.4% in Estimate Cited by NDRC Vice Chairman
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China’s economy may have expanded about 8.4 percent in the first quarter, the least since the first half of 2009, according to an estimate given by an official 10 days before the data are due.
Zhang Xiaoqiang, vice chairman of the National Development and Reform Commission, cited “relevant China research institutes’ initial figures” for the estimate and predicted a gain of about 3.5 percent in consumer prices. He spoke today during a panel discussion at the Boao Forum for Asia, a gathering of government and business leaders on China’s tropical island of Hainan.