China's economy expands 7.9% in Q2

Source: Xinhua | July 16, 2009, Thursday |

Online Edition

Chinese economy expanded 7.9 percent year on year in the second quarter, as massive pump-priming and record lending pushed for a rebound from the worst growth in a decade, official data showed today.

The gross domestic product (GDP) grew 7.1 percent from the same period a year ago to 13.99 trillion yuan (US$2.06 trillion) in the first half, said the National Bureau of Statistics.

The world's third largest economy tumbled to 6.1 percent in the first quarter as exports shrank to a decade low.

Economy

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China's economy expands 7.9% in Q2

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