• SHARE

On July 16 the State Statistics Bureau of China announced that GDP for the April-June quarter grew 7.9 percent in real terms from a year before, surpassing the 6.1 percent rate of the January-March quarter. After the Lehman Brothers shock last September, China’s annual economic growth rate — which until the first half of 2008 had been more than 10 percent — slowed with the decline of exports bound for Europe.

Yet, China’s economy has already shown signs of a strong recovery, thanks largely to the stimulus package of public spending measures worth about 4 trillion yuan (¥55 trillion).

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW