16 July 2009 04:05 [Source: ICIS news]
SHANGHAI (ICIS news)--?xml:namespace>
The year-on-year figure came in within expectations of most economists and was 1.8 percentage points higher than the 6.1% growth registered in the first quarter.
In the first half of the year, the world's third largest economy grew 7.1% year on year, based on data from the National Bureau of Statistics.
China has a two-year fiscal stimulus package totaling CNY4,000bn ($586bn), meant to ensure the economy grows at a decent pace despite the global recession.
($1 = CNY6.83)
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