China Growth Tops 7% in First Nine Months

Oct. 19, 2009
China sees meeting goal of 8% full-year growth

China's economy grew between 7% and 8% year-on-year in the first nine months of 2009, a senior official with the country's top economic planning agency said Oct. 19.

Beijing's four-trillion-yuan (US$586 billion) stimulus package, unveiled in November last year, "has played a very good role in the recovery of the Chinese economy," said Xiong Bilin, a vice director general of the National Development and Reform Commission.

The economic growth for the first three quarters means "there should be no problem" in achieving the government's full-year goal of 8%, Xiong said.

China, the world's third-largest economy, is due to announce official third-quarter gross domestic product data on or about October 22.

The Chinese economy expanded 7.1% in the first half from a year earlier, after growing 6.1% in the first quarter and 7.9% in the second.

Beijing sees 8% growth as essential for job creation and keeping a lid on social unrest.

Copyright Agence France-Presse, 2009

About the Author

Agence France-Presse

Copyright Agence France-Presse, 2002-2024. AFP text, photos, graphics and logos shall not be reproduced, published, broadcast, rewritten for broadcast or publication or redistributed directly or indirectly in any medium. AFP shall not be held liable for any delays, inaccuracies, errors or omissions in any AFP content, or for any actions taken in consequence.

Sponsored Recommendations

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!