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China grows faster amid worries
by Babel-Fish | July 16, 2009 at 01:41 am
52 views | 14 Recommendations | 2 comments
China's economy grew at an annual rate of 7.9% between April and June, up from 6.1% in the first quarter, thanks to the government's big stimulus package.
The country's quickening economic expansion comes as most nations in the West continue to experience recession.
Beijing now expects China to achieve 8% growth for 2009 as a whole, which compares with a predicted contraction of between 1% and 1.5% in the US.
However, the Chinese government warned that some economic challenges remain.
China switches to micro business creation and concentrating on its home consumer market and becoming less reliant on it export market. Due to ridged control it is easy to deversify.
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First Flagged at 3:22 AM, Jul 16, 2009 by Karl Gotthardt - albertacowpoke
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Most RecentMost Recommended Comments (2)
at 05:11 on July 16th, 2009
Notice that the Chinese know how to do a stimulus package, while no one in power seems to know how to do a stimulus package here in the US.
at 08:32 on July 16th, 2009
@Roy,
It's not that simple.