Overheating fears grip China


  • Business
  • Saturday, 19 Apr 2003

BEIJING: China’s stunning 9.9% gross domestic product (GDP) growth in the first quarter has sparked debate in state media about whether the economy is overheating and if the government should do anything about it. 

The first-quarter growth was well above the government target of 7% for the year and puts China on pace to beat its 8% growth last year. 

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