Tuesday, May 05, 2009

GDP likely to expand 7% in Q2

ROBUST investment backed by stimulus spending will likely help China's economy to expand 7 percent in the second quarter, showing the economy may be rebounding from the financial crisis, a government-affiliated think tank said in a report published yesterday.

That would be an improvement from the 6.1-percent growth it notched in the first quarter, its slowest rate in at least a decade. Meanwhile, investment in fixed assets such as factories and construction is forecast to rise 27.6 percent in the second quarter from a year earlier, the State Information Center said in the report carried in the China Securities Journal.

No comments:

Enter your email address:

Delivered by FeedBurner