China recorded a year-on-year economic growth of between 7-8 percent in the first nine months of 2009.
Chinese officials conclude the government’s 586-billion-USD stimulus package unveiled in November last year has had its intended effect on the country’s economic recovery.
It is believed that the country will achieve its full-year goal of 8 percent, an important factor for generating more jobs and ensuring social security.
The world’s third-largest economy recorded a growth of 7.1 percent in the first half of this year, after growing 6.1 percent in the first quarter and 7.9 percent in the second.
The global economic recession drove down Chinese exports and restrained the country’s growth. Before the crisis, China recorded double-digit GDP growth rates for many consecutive years./.