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China's GDP grows 11.1% in H1

By Qiang Xiaoji (chinadaily.com.cn/Xinhua)
Updated: 2010-07-15 10:06
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China's GDP grew 11.1 percent year-on-year in the first half of this year to 17.28 trillion yuan ($2.55 trillion), the National Bureau of Statistics (NBS) said Thursday. 

The growth was 3.7 percentage points higher compared with the same period last year, when China was still wrestling with the global financial crisis.

China's economy increased 10.3 percent year-on-year in the second quarter, lower than the 11.9-percent growth in the first.

"China's economy performed generally well in the first half and has developed according to the government's macro regulation," NBS spokesman Sheng Laiyun told a press conference.

The government set the annual economic growth target at around 8 percent for 2010.