China's economic recovery gains pace

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Old Sep 11th, 2009, 12:50 AM   #1
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Default China's economic recovery gains pace

China's economic recovery accelerated in August after government investment continued to fuel growth and banks increased lending.

The increases in output and investment were both ahead of analysts’ forecasts and followed a series of figures in July which suggested the recovery might be weakening. The one exception was on the trade front where the decline in exports and imports compared to the year before was sharper than expected.

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