China's economy grew at a sizzling rate of 11.4 per cent in 2007, the highest in the last 13 years, but slowed down slightly in the fourth quarter, the government said on Thursday.
It also said the inflation rate rose by 4.8 per cent in 2007, the highest level in more than a decade and maintained the measures to check it would need time 'to take effect'.
Posting a double digit growth for the fifth year running, the gross domestic product hit 24.6619 trillion Yuan ($3.43 trillion), up 11.4 per cent year-on-year, 0.3 percentage points higher than the 2006 level revised at 11.1 per cent, the National Bureau of Statistics said.
Growth was 11.1 per cent in the first quarter, 11.9 per cent in the second, 11.5 per cent in the third but slowed down to 11.2 per cent in the fourth, according to figures released at a press conference in
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