China leads recovery

[Canceled.LTroll.27]

BEIJING -- China's government has turned around its economy far faster than most thought possible, as officials said Thursday that growth accelerated to 7.9% in the second quarter.

Even if the surge moderates in coming quarters, many analysts say China will very nearly meet its target of an 8% expansion for all of 2009. In the first quarter, gross domestic product grew 6.1% from a year earlier.

The Shanghai stock market's benchmark index has gained 75% this year as the Chinese outlook has improved, with factory output, bank lending and commodity imports all continuing to accelerate.

 

[WinterBorn]

You forgot to bring us news of the riots started by the brawls between factory workers at their dormitores.

So far almost 200 are dead and over 1,000 are injured.

"“People were so vicious, they just kept beating the dead bodies,” said one man who witnessed the fighting, which he said involved more than a thousand workers."

http://www.msnbc.msn.com/id/31936851/ns/world_news-the_new_york_times




Yep, thats great progress you have there.