China’s economy grew faster than expected between April and June.
The latest official figures have eased fears that the world’s fastest-growing major economy was heading for a hard landing on Beijing’s efforts to fight persistently high inflation.
The Chinese government has raised interest rates and clamped down on bank lending to fight inflation, which hit a three-year high in June.
Gross domestic product rose 9.5 percent in the second-quarter compared with the same period last year helped by solid domestic consumption and investment.
Government officials were pleased – Sheng Laiyun of China’s statistics bureau said: “If you look at the recent situation and prospects for the near future, there’s still a strong driving force behind China’s economy. The possibility of the economy dropping sharply is very low.”
He added: “China has done a great job to maintain fast economic growth when the global situation is complex and volatile.”
Europe’s sovereign debt troubles and a slowdown in the US economy have hit export orders but the latest figures suggested domestic demand remains robust.
Copyright © 2014 euronewsMore about:
- 1euronews live TV - News | euronews : the latest international news as video on demand
- 2Two container ships collide on Egypt’s Suez Canal | euronews, no comment
- 3International tv news | euronews: European and International tv news bulletin
- 4Revealed: Europe’s capital cities where it’s hardest to be a foreigner | euronews, world news
- 5European Union News | euronews: latest breaking news and headlines about European Union
- 6All you need to know about the Ebola virus | euronews, world news
- 7How nasheeds became the soundtrack of jihad | euronews, world news
- 8Where is the best place in Europe for women? | euronews, world news
- 9Sweden becomes first European nation to recognise Palestine | euronews, world news
- 10What to expect in “The World of Ice and Fire,” George R.R. Martin’s new book | euronews, world news
- 11Ebola: Six new suspected cases in Spain | euronews, world news
- 12Learning through “serious games” | euronews, learning world
- 13US says ISIL makes $1 million-a-day selling oil – even to enemies | euronews, world news
- 14International news | euronews, latest international news
- 15International breaking news | euronews online world breaking news in video
- 16Philippe Starck: ‘Words like longevity and legacy have become almost avant-garde’ | euronews, the global conversation
- 17US delivers technical aid to Ukraine but warns over security | euronews, world news
- 18euronews apps : iPhone, iPad, Android, Windows Phone 8, Windows 8, Nokia S40, Nokia Asha, Smart TV and Google Glass
- 19Mike Tyson: ‘You learn humbleness when you get older in life’ | euronews, the global conversation
- 20Maritime drama deepens as Sweden extends ‘mystery submarine’ search | euronews, world news
Wires > Business
- 15:11 CET Next Shell chairman brings U.S. corporate experience, green agenda
- 14:35 CET Trade, defence spending buoy U.S. third-quarter growth
- 14:30 CET RBS to reveal funds held to settle forex probes
- 14:13 CET JPMorgan tops pay table with 461,000 pounds for London bankers -…
- 14:07 CET Shell outpaces peers with profit growth, keeps spending
- 14:03 CET Trade, defence spending buoy U.S. third-quarter growth
- 13:32 CET Chrysler recalls 33,443 light trucks in U.S. for tyre pressure…
- 13:22 CET Lufthansa shares drop after 2015 profit guidance cut for second…