Business & Economy

China on track to meet GDP targets
Published: July 16 2009 03:59 (Financial Times) – China’s economy is on track to hit the government’s growth target of 8 per cent this year following increased government spending and a surge in bank lending in the second quarter.

China’s GDP grows 7.9% in Q2
BEIJING, July 16 (Xinhua) – The Chinese economy expanded 7.9 percent year on year in the second quarter, as massive pump-priming and record lending pushed for a rebound from the worst growth in a decade, official data showed Thursday.

China’s forex reserves rise to record $2.13 trillion
BEIJING, July 15 (Xinhua) – China’s foreign exchange reserves hit a new high of 2.13 trillion U.S. dollars at the end of June, adding to the belief that the world’s third largest economy is on track for recovery, but also raising concerns about the influx of speculative capital betting on fast-ballooning asset prices.

Chinese Auto Sales Surpass US in January
February 4 (Fox News) – China likely overtook the U.S. in vehicle sales for the first time last month, a trend that could make China into the world’s largest auto market this year.