The Asian Development Bank (ADB) recently raised its forecast of China’s year-on-year economic growth to 8.2%. This surpassed the 8% goal set by China’s central government. The ADB claims that the Chinese economy will surge to 8.9% in 2010.
In November 2008, the Chinese government rolled out a $585 billion stimulus package to help improve global exports. The stimulus package was used to build infrastructure and construction, and to help those industries hit by the export problems.
Since then, China has seen economic growth in infrastructure and construction. There have also been large gains in agriculture, health and social security funding.
Read more about China’s economic growth in China Daily.
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