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"It's growing almost too fast," Hong Kong businessman and broker Howard Gorges told BBC World Business Report. The figures - from the State Statistical Bureau - were at the high end of analysts' expectations. And are in stark contrast to growth rates in the rest of the industrialised world, which are between zero and 3%. The figures are likely to lead to renewed pressure from the United States on Beijing to allow its currency to rise, to reflect its economic strength and make US manufacturers more competitive. Faster growth Growth in the first nine months of the year was up 8.5% on a year earlier. Citigroup economist Yiping Huang said he expected growth in the fourth quarter of the year to accelerate further. "Depending on whether more policy measures are taken trying to cool down the economy, I think it could go to around 9.5%." Economic problems Statistics bureau spokesman Qiu Xiaohua agreed the frenetic pace would probably be sustained for all of 2003.
Approximate Word count = 627
Approximate Pages = 2.5
(250 words per page double spaced)
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