China first quarter GDP grows 9.7%, investment surge a worry


BEIJING: China's gross domestic product (GDP) for the first quarter 2004 was 9.7% higher than a year earlier as heavy investment helped to extend rapid growth that has fanned fears of economic overheating. 

The booming performance – the third straight quarter of annual growth of more than 9% – came despite a government campaign to bring growth closer to the official 7% target that is seen as more sustainable. 

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