China’s economy surges amid heavy state lending

Posted: November 10, 2012 at 3:40 a.m.

Chinese workers assemble shoes Friday at a factory in Jinjiang. Economic statistics released by the Chinese government Friday showed a return to fairly strong economic expansion.

The Chinese economy grew faster than expected in October even as inflation slowed, official statistics showed Friday, as the government continued heavy lending through its state-owned banks to rekindle growth.

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Business, Pages 31 on 11/10/2012