Economic Growth Forecast

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The World Bank increased China\'s economic growth forecast to 8.5 percent from its initial forecast of 8.1 percent earlier this year owing to stronger-than-expected over-seas demand.Factors leading to economic growth include the release of pent-up demand and strong exports.In addi-tion,China achieved a GDP growth of 7.9 percent in Q2,largely spurred by retail sales and industrial production.
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