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China's GDP Crawls, But Worst May Be Over

Growth sinks below 'danger line' but experts believe rebound is coming

By Rob Quinn, Newser Staff

Posted Apr 16, 2009 2:10 AM CDT

(Newser) – China's GDP growth fell to its lowest level last quarter since Beijing started keeping records in 1992, the Wall Street Journal reports. The 6.1% growth, however, is in line with forecasts and actually seen as decent news by many economists. Data on loans and industrial growth suggest that the economy already may have bottomed out. Beijing—hit hard by plunging exports—struck a cautious note and warned that "the task is still arduous."

"The stimulus policies—both fiscal and credit expansion—led by the government is certainly the main driver of the rebound," said a UBS economist. "The full impact of those stimulus policies will be shown in the coming months."

College students wait to enter at a job fair in Wuhan, in central China's Hubei province, Friday, Feb. 20, 2009. (AP Photo)

A woman looks out below drying clothes in the worker dormitory of a factory i n China's southern Guangdong province earlier this year. (AP Photo/Greg Baker)

Discarded toy parts lie in the courtyard of a closed toy factory in China's southern Guangdong province, earlier this year. (AP Photo/Greg Baker)

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China's GDP Crawls, But Worst May Be Over

Growth sinks below 'danger line' but experts believe rebound is coming

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China's Q4 Economic Growth Slows

Economy grew by 9% in 2008, down sharply from 13% in 2007

China Blames Crisis in Latest GDP Slide

Growth at solid 9%, but down for 5th quarter in row as exports shrink

Spending Beyond Our Means? It's All China's Fault

The time of the reckoning is here, NYT says

China's Heavy Industries Steel for Crash

Global downturn freezes country's industrial transformation

Chinese Automakers Seek US-Style Bailout

Country's carmakers look to Beijing as slowdown puts the brakes on sales

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China's GDP Crawls, But Worst May Be Over

Growth sinks below 'danger line' but experts believe rebound is coming

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OTHER STORIES ON OUR RADAR

China • GDP • Chinese economy • economic stimulus package • Chinese exports

MOST POPULAR STORIES

[ By Views ]

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More Newser Stories

China's Q4 Economic Growth Slows

Economy grew by 9% in 2008, down sharply from 13% in 2007

China Blames Crisis in Latest GDP Slide

Growth at solid 9%, but down for 5th quarter in row as exports shrink

Spending Beyond Our Means? It's All China's Fault

The time of the reckoning is here, NYT says

China's Heavy Industries Steel for Crash

Global downturn freezes country's industrial transformation

Chinese Automakers Seek US-Style Bailout

Country's carmakers look to Beijing as slowdown puts the brakes on sales

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Newser By Users

Community

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What is Newser?