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Tag: Second Quarter Growth Rate

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China’s Stimulus Lifts Its GDP

Just when we were settling into the idea of a worldwide recession, China has reported its second-quarter growth rate at 7.9 percent. The People’s Republic has issued twice as much in new loans as the U.S. this year and, thanks to a $585 billion stimulus package, confidence and continued strong economic activity reign. However, some experts see problems with the Chinese model down the line.

Posted on Jul 16, 2009 READ MORE


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