Thursday, April 23, 2009

China's economy show signs of recovery


China's economy show signs of recovery
23-04-2009

A deputy governor of the People's Bank of China, Yi Gang, says the government's 4-trillion yuan stimulus package has already led to signs of economic recovery. The economy grew 6.1 percent in the first quarter of the year - the slowest pace in ten years.

Bank lending grew rapidly during the first three months to support the economy. But Mr Yi said this lending would now begin to stabilise.