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Wednesday, 30 July 2014

China’s local GDP data points to recovery, rebalancing

China’s regional economies enjoyed a revival in growth in the second quarter, data from provincial governments showed, chiming with earlier figures that suggest a burst of government stimulus measures is re-invigorating activity.


Of the 30 regions and provinces that released their local gross domestic product (GDP) data, 23 reported first-half economic growth accelerated from the first quarter.


About three-quarters posted growth that was higher than the national average of 7.4 percent in the first six months.


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Aileen Wang and Koh Gui Qing, Reuters via CHINA US Focus http://ift.tt/1o5Co9S

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