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GDP likely to expand 7% in Q2
May 5, 2009, Tuesday
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Print Edition
Print Edition
ROBUST investment backed by stimulus spending will likely help China's economy to expand 7 percent in the second quarter, showing the economy may be rebounding from the financial crisis, a government-affiliated think tank said in a report published yesterday.
That would be an improvement from the 6.1-percent growth it notched in the first quarter, its slowest rate in at least a decade. Meanwhile, investment in fixed assets such as factories and construction is forecast to rise 27.6 percent in the second quarter from a year earlier, the State Information Center said in the report carried in the China Securities Journal.
That would be an improvement from the 6.1-percent growth it notched in the first quarter, its slowest rate in at least a decade. Meanwhile, investment in fixed assets such as factories and construction is forecast to rise 27.6 percent in the second quarter from a year earlier, the State Information Center said in the report carried in the China Securities Journal.
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