By ELAINE KURTENBACH, AP Business Writer
Tue Oct 11,12:38 PM ET
SHANGHAI, China - China's economy continues to grow at a blistering rate, but the nation is facing mounting pressure from the United States to slow its soaring trade surplus by letting market forces set the value of its currency.
China's planning agency reported Tuesday that gross domestic product grew by 9.4 percent in the first nine months of the year, and is forecast to grow by 9.2 percent for the full year — almost three times the growth seen in the U.S. and almost six times what is expected in Europe.
China's economy grew 9.5 percent in the first half of this year and expanded by more than 9 percent in 2003 and 2004. China will release official third quarter GDP figures later this month.
Not sure if you'll find me in the office. Maybe. Definitely gonna keep up the triathlons. This is all Northern Hemisphere stuff anyway. SH is the New World, which is where I'm headed. Free and clear.
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