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Growth expected to slow to 10.8% in second quarter

China's economic growth, which hit 11.1% in the first three months of 2007, is likely to slow to 10.8% in the second quarter, according to the State Information Center, a research body under the National Development and Reform Commission. This would put GDP growth for the first half of 2007 at 11%, while inflation would be 2.9%, the research body said, according to the South China Morning Post. The official target for 2007 is economic growth of 8% and consumer price index growth of 3%. The State Information Center also expects China's trade surplus to be US$52.4 billion in the second quarter, up from a record US$46.4 billion in the first three months. Based on these figures, the trade surplus for the first half of the year is set to come in at US$98.8 billion. The Chinese Academy of Sciences has said it expects a full-year trade surplus expansion of 42.8% to US$254.03 billion, well beyond last year's record total of US$177.5 billion. The State Information Center called for a better import-export balance and more listings by strong domestic companies.

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