China’s economic growth accelerates in Q2 as stimulus fuels factory output, consumer spending

September 11th, 2009 BEIJING - China's industrial output accelerated 12.3 percent in August from a year earlier, after gaining 10.8 percent in July, the National Bureau of Statistics said Friday. The August growth rate was 0.5 percentage points lower than the growth figure for the like month last year, but 1.5 percentage points up from July.

September 10th, 2009 China's August industrial output, investment riseSHANGHAI — China's recovery gained momentum in August as stimulus spending helped boost industrial output, investment and retail sales in the world's third-largest economy, offsetting a slump in exports. The National Statistics Bureau reported that industrial production rose 12.3 percent from a year earlier, accelerating from July's 10.8 percent increase, while retail sales surged 15.4 percent.

August 28th, 2009 Summary Box: Incomes flat but spending up modestlySTAGNANT INCOMES: Household income failed to grow last month as consumer spending edged up 0.2 percent, aided by the now-ended Cash for Clunkers program. SPENDING CONCERNS: Personal incomes have fallen or remained unchanged in eight of the past 10 months.

August 11th, 2009 China's trade, factory output rise amid stimulusBEIJING — China's exports, retail sales and factory output improved in July, the government said Tuesday, adding to spreading signs the global economy might be recovering from its worst downturn since the 1930s. China's positive data come after the U.S.

August 11th, 2009 China's industrial output rises, prices fallBEIJING — China's industrial output, trade and retail sales improved in July, data showed Tuesday, in positive signs for Beijing's multibillion-dollar effort to restore stable growth in the world's third-largest economy. Consumer prices fell, possibly damping fears that stimulus spending might trigger a rise in inflation that could disrupt the rebound.

July 28th, 2009 China says inflation might revive in second halfBEIJING — Inflation in China might pick up in the second half of the year after a five-month decline in prices, the central bank said Tuesday. Economists have warned that Beijing's massive stimulus spending might ignite a rise in politically sensitive consumer inflation.

July 23rd, 2009 NEW DELHI - The timely release of stimulus packages has helped the infrastructure sector post a good growth rate last month despite the economic slowdown, Commerce and Industry Minister Anand Sharma claimed here Thursday. Referring to the 6.5 percent growth rate achieved by the six core infrastructure sectors in June, Sharma said: "It's clear that the government's stimulus packages and the budgetary proposals have had a positive impact.

July 16th, 2009 China's growth accelerates on stimulus boomBEIJING — China's second-quarter growth accelerated on a stimulus-fed investment boom, the government reported Thursday, sparking a rise in Asian stocks on hopes the world's third-largest economy could help to lead a global recovery. The economy grew by 7.9 percent from a year earlier, up from the first quarter's 6.1 percent growth rate, the National Bureau of Statistics said.

July 16th, 2009 China's economic growth accelerates amid stimulusBEIJING — China's economic growth accelerated in the second quarter amid a stimulus-fueled investment boom, boosting hopes the world's third-largest economy is emerging from the global downturn. The economy expanded by 7.9 percent in the April-June period from a year earlier, up from 6.1 percent growth in gross domestic product the previous quarter, the National Bureau of Statistics reported Thursday.

July 10th, 2009 China's June exports down 21.4 percentBEIJING — China's exports and imports fell again in June but declines were less severe than in May, data showed Friday, adding to signs the world's third-largest economy is recovering from its slump. Exports fell 21.4 percent in June from a year earlier, the government's Xinhua News Agency reported, citing the Chinese customs agency.

June 18th, 2009 World Bank raises 2009 China growth forecastBEIJING — The World Bank is raising its 2009 growth forecast for China due to the country's stimulus-driven investment boom. But it also cautions that it is still too soon to say a sustained recovery is on the way.

June 12th, 2009 China's May retail sales, industrial output upBEIJING — China's retail sales, bank lending and industrial output grew in May as the government spent heavily on a stimulus to boost the world's third-largest economy as exports plunged, data showed Friday. The latest report, on top of figures Thursday showing May investment rising, suggested the stimulus spending was helping to make up for a collapse in demand for exports that wiped out millions of Chinese factory jobs.

June 12th, 2009 China's retail sales, industrial output up in MayBEIJING — China's retail sales and industrial output grew strongly in May as the government spent heavily to boost growth in the world's third-largest economy amid a slump in exports. Retail sales rose 15.2 percent compared with May 2008, up from April's 14.8 percent growth rate, the National Bureau of Statistics reported Friday.

April 17th, 2009 China's premier says economy better than expectedBOAO, China — China's Premier Wen Jiabao said Saturday that the country's stimulus package is working and the economy is "better than expected." He also vowed to expand the country's domestic demand and pull China out of the global economic slump. Wen spoke at the Boao Forum, an annual gathering of government and business leaders on the southern island province of Hainan.

March 18th, 2009 BEIJING - The World Bank (WB) has cut its forecast for China's 2009 economic growth yet again, this time to 6.5 percent from 7.5 percent, it said here Wednesday. This is the second cut the WB has made for China's 2009 gross domestic product (GDP) growth forecast.