China Statistics: GDP Grows 9.5%, Exceeding EstimatesJuly 13, 2011 3:33 am
We spotted this today:
“Gross domestic product rose 9.5 percent in the second quarter from a year earlier, the statistics bureau said in Beijing today, after a 9.7 percent gain the previous three months. The median estimate was for a 9.3 percent pace in a Bloomberg News survey of 18 economists. Industrial output advanced 15.1 percent in June, the most since May 2010.
Stocks climbed in China on the signs that demand is holding up after the central bank boosted lending rates five times since mid-October and lifted bank reserve requirements to a record. Premier Wen Jiabao said yesterday that stabilizing prices remains the top priority, after food costs soared more than 14 percent in June.”
Statistics Source: Bloomberg