Wednesday, July 15, 2009

China’s GDP Growth Quickens to 7.9% on Credit Boom

July 16 (Bloomberg) -- China’s economy rebounded from its weakest growth in almost a decade as record lending and surging investment countered a slump in exports.

Gross domestic product expanded 7.9 percent in the second quarter from a year earlier after a 6.1 percent gain in the previous three months, the statistics bureau said in Beijing today.

Click here for more detail from Bloomberg

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