Improving Chinese economy could lead worldwide recovery

The Chinese economy is showing signs it could be the first major player to return to a healthy outlook, writes Mairtin O’Riada in Beijing

2nd May, 2009

Promising new economic data from Beijing, coupled with a surge in manufacturing activity, has sparked optimism that China will lead the global economy on the path to recovery.

Even though results for the first quarter of this year showed China’s GDP growth dipping to just 6.1 per cent - down from 13 per cent two years ago and now at its lowest in almost two decades - observers are increasingly confident that the world’s third-largest...

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