The year 2009 might bring back 9% GDP Growth for the Chinese economy, in spite of exports continuing to decline for eight months in a row. The key drivers for the Chinese economic recovery in the massive stimulus spending by the government, coupled with healthy two digit consumer spending.
The Industrial production has surged by 10.8% in July 2009 after a 10.7% advance in June 2009, due to record lending by banks. The Chinese government seems to be taking a dangerous route to maintaining economic growth, which can create unmanageable asset and property bubble.