Quick view: China GDP growth in 2013 to exceed 7.5%: Cen bank

Updated: Oct 12 2013, 08:48am hrs
Chinas economic growth should exceed 7.5% this year, deputy central bank governor Yi Gang was quoted by Xinhua as saying, the latest expression of confidence from Beijing that the world's No. 2 economy is steadying. Yi was quoted as saying on the sidelines of the IMF meeting that growth could hit 7.6%, and that the government had the nations shadow banking system and its debt problems under control. I think for this year were going to have certainly above 7.5% growth rate, Yi was reported to have said in Washington. Maybe 7.6% (or) something like that. After cooling in 12 of the past 14 quarters, Chinas economy is finally showing signs of stabilisation, helped in part by government measures to shore up growth, including lowering taxes for small firms and quickening infrastructure spending.

US may modify release of sensitive economic data

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Royal Mail jumps 38% on first trading day after IPO

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