China posted growth rates unseen in a decade, AFP reported. New official government figures put China's growth rate for 2006 at 10.7%, toppling the 10.4% record of 2005 and the highest growth since 1995, when the economy expanded by 10.9%. The rate is slightly higher than the 10.5% reported in recent weeks. The country's total economic output hit US$2.6 trillion, going by mid-year exchange rates. At this rate of growth, China could overtake Germany to become the world's third-largest economy sometime in 2008. Officials expect economic growth to slow down this year, with the commissioner of the National Bureau of Statistics saying "uncertainties in world economic performance and some problems with the domestic economy" could have an impact.
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