What Has China Got That The U.S. Ain’t Got?

Thursday, July 16, 2009, 6:20 AM | 4 Comments

China’s economy accelerated in the second quarter amid huge stimulus spending and aggressive bank lending, expanding by 7.9 percent from a year earlier as retail sales and industrial output grew strongly, data showed Thursday.

The growth rate, reported by the National Bureau of Statistics, was up from 6.1 percent in the first quarter. The government’s growth target for this year is 8 percent. The gross domestic product figures are also surprising given how China’s exports have declined sharply after years of torrid growth.

Many analysts expect China to be the first major country to emerge from the worst global economic slump since the 1930s.

The robust growth in China’s economy came as the United States and several other leading economies remain mired in recession, hobbled by the aftereffects of bad lending, weak real estate markets, and the uneven results of economic stimulus packages.

In China, strong auto and housing sales, a soaring stock market and solid retail sales have helped renew confidence here.

The government is trying to use its stimulus to insulate China from the global downturn by pumping money into the economy through higher spending on public works construction.

Moral of the story
What has he got that I ain’t got, maybe I was born this way.

Throw us a like at Facebook.com/doable.finance

  1. 4 Responses to “What Has China Got That The U.S. Ain’t Got?”

  2. By cellulite treatment diet and exercise on Nov 30, 2013, 11:03 am | Reply

    I got this web site from my buddy who shared with me regarding this site and now this time I am browsing this web page and reading very informative posts at this place.
    cellulite treatment diet and exercise recently posted…cellulite treatment diet and exerciseMy Profile

  3. By side effects of pure garcinia cambogia on Jun 4, 2014, 7:13 pm | Reply

    Very shortly this web site will be famous among all blog people, due to it’s fastidious articles or reviews
    side effects of pure garcinia cambogia recently posted…side effects of pure garcinia cambogiaMy Profile

  4. By ecigarettefreetrial.Org on Jul 16, 2014, 1:58 am | Reply

    Hurrah! In the end I got a website from where I be able to genuinely get helpful facts regarding my study and knowledge.
    ecigarettefreetrial.Org recently posted…ecigarettefreetrial.OrgMy Profile

  5. By apertura de puertas en pedrables on Aug 21, 2014, 9:06 am | Reply

    Greate post. Keep posting such kind of information on your blog.

    Im really impressed by your site.
    Hi there, You’ve performed a fantastic job.

    I’ll certainly digg it and individually recommend to
    my friends. I’m sure they’ll be benefited from this web site.
    apertura de puertas en pedrables recently posted…apertura de puertas en pedrablesMy Profile

Post a Comment on Content of the Article


This is not a billboard for your advertisement. Make comments on the content else your comments would be deleted promptly.

CommentLuv badge