China’s industrial production grew at a faster pace in August, reports Bloomberg. Output gained 12.3% from a year earlier, after climbing 10.8% in July, compared with an 11.8% median estimate of economists surveyed by Bloomberg. An Rmb4,000bn ($585bn) stimulus package, record lending and a rebound in property investment have countered an export slump to help China lead Asia’s recovery. Premier Wen Jiabao said on Thursday that the government “cannot and will not” pull back from stimulus measures.

This entry was posted by Gwen Robinson on Friday, September 11th, 2009 at 4:37 and is filed under Capital markets. Tagged with china. Edit this entry.