GUANGZHOU, China, May 1 (UPI) -- China's economy is on track to grow more than nine percent for the first half of 2004, the government's main news service, Xinhua, reported Saturday.
China's Ministry of Commerce said the nation's economic growth rate was 9.7 percent in the first quarter of this year, but the second quarter is expected to be slightly less.
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The ministry also noted the Chinese economy is amid its upturn period and the rapid economic development in 2003 paved the way for 2004.
China's economy rose by 9.6 percent during the third quarter and by 9.9 percent in the fourth quarter last year.