China's economy not overheating - official

Yao Jingyuan, the chief economist of China's National Bureau of Statistics, says the country's economy is not overheating. Yao says economic efficiency is improving and "the economic structure is being optimised."

Speaking to a Beijing-based newspaper, Yao said the high rate of growth in recent years has been achieved without a sharp rise in inflation. China's GDP grew 11.9% year-on-year in the second quarter of 2007, and the consumer price index reached 4.4% on an annual basis in June.

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