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Growth to steady in Q3: NDRC

Economic growth is set to remain high but will stabilize in the third quarter in response to the tightening measures placed on capital spending in the last few months, the National Development and Reform Commission (NDRC) announced Thursday. GDP is expected to rise 10.8% year-on-year in the first nine months, just 0.1 of a percentage point lower than the growth rate seen in the first half of the year, the NDRC added. Fixed-asset investment is likely to rise by 28.5% year-on-year in the first nine months, down from the 29.8% increase seen in the first half. China's trade surplus is on course to reach US$100 billion by the end of September, close to the US$102 billion recorded for the whole of 2005.

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