| China's economic growth is likely to reach its 8 percent target this year. Most provinces in the country have achieved, or even bettered their targets for the first six months of this year.
Despite a global economic contraction, China's economy is continuing to show signs of recovery. Provincial statistics bureaus say that regional data is showing improved economic performance during the first half of 2009.
The Chinese mainland is home to 22 provinces, 5 autonomous regions and 4 municipalities. Among them, 19 reported economic growth over 8 percent. And 13 have posted economic expansion more than 10 percent.
Tianjin municipality and the Inner Mongolia Autonomous Region are the trailblazers so far. Both registered a year on year jump of 16 percent in first half GDP thanks to huge investments by both areas.
But the economic hub of Shanghai has recorded the slowest increase to date at just 5.6 percent.
China's economy expanded over 7 percent in the first half of the year on an annual basis. The government has been repeatedly stressing the continuance of proactive fiscal policies and moderately easy monetary rules.
Analysts say the reassurances have provided a lift to businesses, and this has been giving the economy another catalyst for growth.
Source: CCTV.com |
