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Economic Growth Expected to Hit 8.5% in 2003

Officials with the National Statistics Bureau said Wednesday that this year's gross domestic product is expected to break a new record of 11 trillion yuan or over US$1.3 trillion, with an economic growth rate of 8.5 percent.

They said China's economy continues to grow rapidly in spite of complicated international situations, the outbreak of SARS and frequent natural disasters. In the third quarter of this year, China's economy already recovered to its pre-SARS level.

Meanwhile, China's foreign exchange reserve hopes to hit a new high of US$400 billion this year. And the industrial production growth rate has also reached the highest level since 1995. The country's import-export volume will also exceed that of last year.

(Xinhua News Agency November 28, 2003)

GDP Data System to Be Improved
Beijing Sees Double-Digit GDP Growth
8% GDP Growth Forecast for 2004
Guangdong Expects 13 Percent GDP Growth This Year
Historic Level of Economic Growth
Economy Grows 8.5 Percent in First 9 Months
HK Expected to Achieve 2.2 Percent Growth in 2003
2003 GDP Growth Estimated at 8.3%
GDP Expected to Rise 8%
China to Achieve Eight Percent Growth in Late-half
HK's GDP Forecast for 2003 Revised Up to 2 Percent
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