China’s Economy May See 10% Growth by Year End

China’s economy may grow as much as 10 percent by the final quarter of this year as the government’s 4 trillion stimulus package ($585 billion) takes effect, Nomura Holdings Inc. said.

“An investment boom led by the government’s stimulus package and a very low growth rate in the fourth quarter of 2008 may push growth to rebound to around 10 percent” by the fourth quarter of 2009, Sun Mingchun, an economist at Nomura in Hong Kong, said yesterday. The economy grew 6.8 percent in the fourth quarter of 2008. [via Bloomberg]

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