EnglishChinese economy grew 8.9% in the third quarter, this being the largest growth in the last year, due to the governmental stimulus packages. Analysts were expecting a 9% growth.
"There are many odds to achieve our 8% growth target for the current year", Chinese vice premier Li Keqiang said.
Authorities in Beijing announced that they would maintain the stimulus measures, signalling that concerns about inflation would be a predominant issue.
In September 2009, China"s consumer prices dropped 0.8% over the same month of 2008, thus being the smallest decline since February. Compared to the month of August, prices increased 0.4%.
China"s economy increased 7.7% in the first three quarters, based on domestic demand, of which consumption, including household expenses, accounted for 4%. China"s GDP amounted to 21,780 billion yuan (2,120 billion Euros).
China"s foreign trade continued to shrink, in the first three quarters, losing 20.9%. However in Q3, the decline slowed down over the first semester (23.5%).
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