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China revises 2009 growth up to 9.2%

by Staff Writers
Beijing (AFP) Jan 11, 2011
China said Tuesday it has revised up its economic growth for 2009 to 9.2 percent from 9.1 percent, highlighting its resilience during the financial crisis when other major economies faltered.

The upward revision by the National Bureau of Statistics comes ahead of the release of key data later this month that is expected to show the world's second-largest economy grew more than 10 percent in 2010.

This is the second time China has revised its 2009 growth figure. In July, the statistics bureau said the Asian economy expanded by 9.1 percent after revising an earlier figure of 8.7 percent.

China powered out of the global downturn on the back of massive government spending and state-sanctioned bank lending, which has since fuelled inflation and sent property prices in the country skyrocketing.



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Sydney (AFP) Jan 9, 2011
Massive floods sweeping through northeastern Australia will temporarily slow growth in the resources-driven economy, but will not derail the "Wonder from Down Under", analysts say. As the only advanced economy to avoid recession triggered by the global financial crisis, Australia was riding high on annual growth of 2.7 percent driven by mining exports to Asia before the "biblical" floods hit ... read more







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