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Economy shows signs of stabilizing
17 Jul '09
1 min read
According to a report of the National Bureau of Statistics, China has overcome various difficulties, positive factors in economic operations are increasing and national economy has seen trend of stabilization and recovery.
This has come about due to the cooperation from all central, provincial and local departments, who have seriously implemented the stimulus package, to cope with the international financial crisis and maintain stable economic development.
Accounting to preliminary calculation, gross domestic product during the first half reached 13.98 trillion Yuan, an increase of 7.1 percent year-on-year in terms of comparable prices, 1.0 percent faster from the first quarter.
This has come about due to the cooperation from all central, provincial and local departments, who have seriously implemented the stimulus package, to cope with the international financial crisis and maintain stable economic development.
Accounting to preliminary calculation, gross domestic product during the first half reached 13.98 trillion Yuan, an increase of 7.1 percent year-on-year in terms of comparable prices, 1.0 percent faster from the first quarter.
Fibre2fashion News Desk - China
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