China's Economy JumpsChina's economy has been on a track of steady growth in the first half of this year, said an official with the National Bureau of Statistics (NBS) Thursday.The growth rate is 8.2 percent from January to June, according to Qiu Xiaohua, deputy director of the NBS. Details are expected to be officially released next week. Qiu predicted that China's decrease in economic growth rate caused partly by the Asian financial crisis will come to an end within this year. According to Qiu, demands of investment, consumption and export have increased by 11, 10.1 and 38.3 percent respectively, thanks to the continuous development of the industrial and service sectors. "If China had not adopted the positive fiscal policy, the growth rate would have been 5 or 6 percent at most," said Qiu, adding that the international economic environment has also been favorable for China to boost export and attract foreign investment. Restoring confidence of consumers and producers and tapping new sectors of development such as the "Western campaign" and efforts for entry into the World Trade Organization have also contributed to the growth, he added. However, Qiu warned that the current growth rate only indicates a good starting point, and more work is yet to be done to secure a stable growth trend. |
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