CHINA said yesterday that its booming economy had expanded even faster than reported last year and it revised the growth rate up to 9.3 per cent from the earlier official figure of 9.1 per cent.
The change, which brought China into line with international standards for measuring economic growth, put total output last year at 11.7 trillion yuan (£77 billion), the National Bureau of Statistics announced.
China worries that such rapid growth could ignite inflation and has been trying since last year to bring the rate down to 7 per cent a year.
The government has tightened controls on lending and is discouraging new investment in property, steel mills, cement plants and other industries.
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