China Manufacturing Expands a Fourth Month
China’s manufacturing expanded for a fourth month as government stimulus spending and record bank lending sparked a recovery in the world’s third-biggest economy.
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China’s economy may keep improving in the third and fourth quarters, enabling the nation to meet its 8 percent economic growth target for this year, central bank Governor Zhou Xiaochuan said this week.
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China’s economy may keep improving in the third and fourth quarters, enabling the nation to meet its 8 percent economic growth target for this year, central bank Governor Zhou Xiaochuan said this week.
Given the still quite uncertain global economy this is a pretty strong performance. And it is one of the positive indications that we may be recovering from the credit crisis. There continues to be fairly good news in many areas. However we are far from certain to make a decently global recovery even in 2010.
Related: Manufacturing Contracting Globally – Rodgers on the US and Chinese Economies – Manufacturing Cars in the USA – Leading Manufacturing Countries in 2007 – USA Unemployment Rate Jumps to 9.4% – The Economy is in Serious Trouble