China’s Economy Showed Signs of Further Recovery

China shows a quicker growth in investments and industrial output which reduces the likelihood of aggressive policies to stimulate the economy. According to the National Bureau of Statistics, growth in industrial output accelerated to 10.1 % in November from a year earlier, while the CPI rose 2%. The figures also showed investments remained robust and retail sales performed better than expected.

“GDP growth this year will be faster than 7.7%. I expect a small recovery next year, with GDP growth at around 8.1%.” said Peng Wensheng, an economist.

~ SCMP, December 10, 2012 ~

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