Tuesday, June 30, 2009

The Chinese economy is starting to turnaround !

Things are still holding up pretty well in China The world’s third-largest economy will expand 7.5 percent this year, up from a 7.1 percent forecast in February. Gross domestic product expanded 6.1 percent in the first quarter, the slowest pace in almost 10 years.

Recent signs of weakness aren’t an indication that the fledgling recovery will collapse, the economists said, citing surging investment and lending and rising retail sales.


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