China's economy showed strong resilience in the first half of 2014, with growth momentum rebounding in the second quarter and expansion in the first six months reaching 7.4 percent year on year.
 

Helped by an export recovery since April, and new sources of growth emerging from the structural adjustment, expansion accelerated to 7.5 percent in the second quarter from 7.4 percent in the previous one, the National Bureau of Statistics (NBS) said on Wednesday.
 

"The Chinese economy showed good momentum of stable and moderate growth in the first half of the year," NBS spokesman Sheng Laiyun told a press conference.
 

New growth drivers have offset most of the negative drag from the country's property downturn and a serious adjustment in some heavy industrial sectors in the first half.
 

Sheng said China has been working to leverage the role of technology innovation in spurring growth and this has shown some effects, citing a boom in online sales and fast growth in the high-tech sector. 

Name

Email

Title

Comment

smaller | bigger

Subscribe via email (Registered users only)

I have read and agree to the Terms of Usage.

Write the displayed characters

Add Comment