China’s GDP grows 7.9% in Q2 金融英语考试

文章作者 100test 发表时间 2009:07:19 08:50:21
来源 100Test.Com百考试题网

　　Chinas economy grew 7.9 percent in the second quarter of 2009, the government said Thursday, in a startling turnaround for the Asian powerhouse fuelled by a massive stimulus package.
　　Expansion in the worlds third biggest economy picked up pace again after growing by just 6.1 percent year-on-year in the first quarter, which was the slowest growth in more than a decade.
　　"The economy is rebounding and the strength of the recovery is increasing," National Bureau Spokesman Li Xiaochao said at a media briefing to release the data.
　　Chinas gross domestic product grew by 7.1 percent in the first half of 2009 compared with the same period a year earlier, according to the bureau.
　　This put China back on track to achieve its goal of 8.0 percent growth for the year, despite the impact of the global financial crisis that hit its crucial export sector particularly hard.
　　However, the government warned pitfalls still lay ahead.
　　"There are many difficulties and challenges existing in the current national economic performance," Li said.　我要收藏
　　"The base for recovery is still infirm. The momentum for picking up is unstable. The recovery pattern is unbalanced and thus there are still uncertain volatile factors."
　　Before the global economic crisis struck, China had experienced double-digit annual growth from 2003 to 2007, and again for the first two quarters of last year.
　　To fight the downturn, the government implemented a four-trillion-yuan (580-billion-dollar) stimulus package in November last year that had dramatic results.
　　Li described the impact of the package as "remarkable," and economists expressed similar sentiments.
　　"Chinas second quarter GDP growth beat market expectations," said Lu Zhengwei, a Shanghai-based economist with the Industrial Bank.
　　"It means the countrys economy has achieved a very strong rebound thanks to continued expansionary fiscal policies and the central governments stimulus measures."
　　Lu said Chinas economy would likely grow by 8.0 percent growth in 2009, in line with the governments target.
　　The figure is generally seen as the minimum growth needed to create enough jobs and prevent major social unrest in the nation of 1.3 billion people.
　　"But whether the strong rebound momentum can continue remains uncertain," Lu said.
　　"Although private sector investment has picked up, growth still relies heavily on the central government’s expansionary policies. Also there is no sign of Chinas trade performance turning better this year."
　　Chinas exports 0dropped 21.4 percent year-on-year in June, the government said last week, the eighth straight monthly decline.
　　However, Chinas industrial output, which illustrates activity in the nations millions of factories and workshops, expanded by 9.1 percent in the second quarter of 2009 from a year earlier, the bureau said.
　　In June, industrial output increased by 10.7 percent, and by 7.0 percent for the first half of 2009.
　　Chinas urban fixed asset investments, a measure of government spending on infrastructure, rose 33.6 percent in the first half of 2009 compared with the same period a year earlier, the statistics bureau said.
　　Investments in urban fixed assets increased by 35.3 percent in June year-on-year, according to the bureau.
　　Chinas consumer price index, the main gauge of inflation, fell 1.7 percent in June compared with the same month a year earlier, a further decline from Mays 0drop of 1.4 percent, the bureau said.
　　However analysts said inflation could make a quick return and prove a problem for Chinas economic planners.
　　The consumer price index grew 5.9 percent in 2008 but weakened significantly as the global crisis slowed Chinas economy.