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Overheating Worries: China Economy Sizzles with 11.1% Growth in Q1 07

China's economy surged 11.1% in the first quarter, causing the country's Cabinet to declare Thursday it will take steps to keep the economy from overheating, reports AP. It was the highest growth rate since Q2 2006's 11.5% growth, the fastest in a decade.

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China Trade Surplus Falls Sharply to $6.9 billion in March 

China's trade surplus in March fell to $6.9 billion, well below forecasts and down sharply from February's $23.7 billion surplus, reports AP. It was not clear whether the drop in March was the result of government efforts or would have a lasting impact.

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Chinese Consumer Market to Hit $8.8 trillion by 2020; Becomes Second Largest by 2015

China is on course to become the world's second-largest consumer market by 2015, according to Credit Suisse, reports Reuters. Credit Suisse projects that the value of Chinese consumption will hit $8.8 trillion by 2020, fueled partly by a 5% yearly appreciation in the yuan between now and then.

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China Mobile Adds Record 4.86M Users in January; Total Subscribers Surpass 300M

China Mobile, the world's largest wireless phone carrier by users, with more customers than the total U.S. population, added a record 4.86 million subscribers in January, taking its total to 306.1 million users. China Mobile stock surged 83% last year. 

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Chinese Electronic Information Products Exports to Jump 14% to $390B in 2007

China's export of electronic information products, including computers and communications products, is expected to grow 14% to $390 billion in 2007, according to China's Ministry of Information Industry, reports Xinhua. 

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China to Become No.1 Exporter Worldwide in 2008, Surpassing Germany and US

China is set to over take U.S. as the No.2 exporter worldwide this year and with an estimated $1.4 trillion dollars in exports in 2008, China will surpass Germany in 2008 to become the No.1 exporter in the world, according to Germany's federal foreign trade body BFAI. 

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China Economy Grows 10.7% in 2006; Set to Overtake Germany as 3rd Largest Economy

China economy grew by 10.7% in 2006, at its fastest rate in a decade, moving China closer to overtaking Germany as the world's third-largest economy, according to figures issued by the government. It was the fastest growth since 1995, when the economy expanded by 10.9%.

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China Internet Population Reaches 137 million; Set To Surpass U.S. in 2 Years

China's internet population jumped 23.4% or 14 million new users last year to 137 million people, or about 10% of its 1.3 billion population, according to China Internet Network Information Center (CNNIC). China is on pace to surpass the U.S. within two years as the nation with the most Internet users.

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Paid VoIP Users in China Will Exceed 70 Million by 2011: Report

As the total number of Chinese broadband subscribers grow to 144 million by 2011, total paid VoIP services users will exceed 70 million by 2011,  according to The Dragon Market: VoIP in China 2007 - 2011 by ATLANTIC-ACM.

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Foreign Direct Investments in China at Record $63 billion in 2006

China attracted a record $63.0 billion in foreign direct investment (FDI) in 2006, up 5% from the $60.33 billion in 2005, reports Reuters citing the official Xinhua news agency. In 2004, China received $60.6 billion in FDI.

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