Wednesday 8 April 2009


MID-YEAR REBOUND FORECAST

Wang Buo

China Daily, April 8, 2009

The government's $586-billion stimulus package may be strong enough to drive the economy to an early rebound in the middle of this year, the World Bank said yesterday, adding a caveat that a full recovery ultimately depends on developments in the advanced economies.

"Fueled largely by the huge economic stimulus package, a recovery in China is likely to begin this year and take full hold in 2010, contributing to the region's stabilization," the bank said in its latest semi-annual report on the economic health of East Asia and the Pacific region.

"A wide range of economic indicators in China are improving," indicating that a recovery is underway, said Vikram Nehru, the World Bank's chief economist for the East Asia and Pacific region.

The Purchasing Managers Index of the manufacturing sector, a key indicator of economic health, rose for four consecutive months to reach 52.4 in March. It was the first time it rebounded above 50 since July 2008, indicating a "stabilizing and recovering economy", said Ma Jiantang, head of the National Bureau of Statistics at the release of the figures.

(...) [artículo aquí]

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