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China output, sales up as stimulus takes effect
(AFP)

June 13th, 2009 · No Comments

Stacks of China Shipping containers at Jakarta's international seaport. Positive figures on the Chinese economy come as the Asian giant's vital export sector has been hit by the global slump, which has slashed demand in key overseas markets, leading Beijing to seek ways of boosting domestic spending.(AFP/File/Bay Ismoyo)AFP – China’s May industrial output and retail sales both grew at a faster pace than in previous months, the government said Friday, as massive stimulus measures introduced since last year kicked in.




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[Source: Yahoo! News: Business]

Tags: News

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