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In-brief: Goldman Sachs Expects China’s Economy to Grow 9.4%

Goldman Sachs Group (GS) raised its estimate for China’s 2009 economic growth.

The “vampire squid wrapped around the face of humanity,” also known as Goldman Sachs Group Inc. [[GS]], raised its already strong estimates for China’s 2009 economic growth to 9.4% from 8.3%.

Goldman’s analysts based their increase on the country’s “strong momentum” combined with it being unlikely that the government will take immediate steps to slow growth out of inflationary concerns.

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