China Leads Recovery With 8.9% Increase in GDP

During the first nine months of the year, China’s economy grew at a rate of 7.7 percent with the third quarter realizing an 8.9 percent in GDP thanks largely to a stimulus plan that pumped 4 trillion yuan ($586 billion) into a wide range of infrastructure projects. Despite the positive news, concerns over the state of the US economy – China’s number one customer – still has some analysts worried that once the effect of the stimulus spending has run its course, growth could slow if China’s trade partners are not able to pick up the slack.

Yahoo News

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