Dynamic Business Logo
Home Button
Bookmark Button

Chinese economy recovering

China’s economy is on the road to recovery, according to China’s central bank.

Yi Gang, vice governor of the People’s Bank of China said the stimulus package had kicked in and the nation’s economy is showing signs of improvement.

“The second quarter and the remainder of this year will continue this recovery trend,” he said.

China’s economic growth slowed to 6.1 per cent in the first quarter, but data for March showed industrial output rose 8.3 percent from a year earlier.

China announced a four-trillion-yuan ($A823.94 billion) stimulus package in November in a bid to boost investment to prop up the economy as its exports were hit hard amid the global financial crisis.

People who read this, also liked:
China’s stimulus package working, despite slowing economy
How Aussie businesses can benefit from China’s 4 trillion Yuan stimulus package

What do you think?

    Be the first to comment

Add a new comment

Jessica Stanic

Jessica Stanic

Jessica has a background in both marketing and journalism and is dedicated to making the website the leading online resource for small to medium businesses with ambitions to grow.

View all posts