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The President of China – Hu Jintao, announced Sunday that the economy grew faster than expected – 10.2 percent in the first quarter of 2006 compared with one year earlier, but said the government was concerned about overly rapid growth. Chinese leaders have warned repeatedly that rapid growth could spark inflation or leave the country littered with unneeded factories and luxury apartments, causing problems for banks that financed them. “We do not seek high-speed economic growth,” Hu Jintao said …

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