China gross domestic product grew 7.9% in the second quarters as the country became the first of major economies to rebound from the global recession.
The figure, announced by the statics bereau in Beijing on 15th July 09, exceeded the 7.8% median forecast of 20 economists in a
Bloomberg survey and a 6.1% gain in the first quarter that was the slowest in almost a decade.
China now overtake Japan as the world's second largest stock market by value yesterday after a four trillion yuan (US$585bil) stimulus package spurred record lending and boosted share prices..The years growth creat jobs and maintain social stability.
Eventhough this news is good for China economy but there's no guarante it will stable..China still faces difficulties in shrinking external demand, falling corporate profits and declining fiscal revenue. And they still have problem to create jobs.
Source :- Bloomberg
My opinion :-
It is good that China economy is growth.A big population of the country make it hard to solve unemployment problem. Maybe it will take time especially when the economy growth, more investor will come to China. I really think that China will become the world leading economy over the world.
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