China’s stimulus package powers surges in industrial production, retail sales and bank lending
Jun 12th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
China provided further evidence on Friday of the impact of its Rmb4,000 billion yuan/renminbi (US$586 billion) stimulus package, with the news of expanding factory output, new bank lending and a rise in in retail sales. However, economists warned that growth in the private sector remained weak.