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BIZCHINA> Top Biz News
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Economist says China to see V-shaped recovery
By Hu Yuanyuan (chinadaily.com.cn)
Updated: 2009-04-03 13:55 China's economy will see a V-shaped recovery this year, with the GDP growing as much as 10 percent in the first quarter of next year, said Sun Mingchun, economist with Nomura International.
Urban fixed-asset investment jumped 26.5 percent in the first two months from a year earlier, while vehicle sales climbed 25 percent in February. "China's economy may expand by 7.5 percent between April and June and growth may accelerate in the following months," Sun said. Banks' lending continued a robust growth momentum. According to a report from the China Securities Journal, new loans reached 1.3 trillion yuan in March, bringing new loans for the quarter to 4 trillion yuan, three times the amount for the same period last year. (For more biz stories, please visit Industries)
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