The September 2009 quarter has ended on a much more promising note for China, with the GDP growth hitting a high of 8.9% versus 7.9% in the previous quarter. The Chinese government had set a target of 8% for the full year which looks easily achievable.
Hence the government is now focusing the efforts on keeping the prices under control, and it may slowly start withdrawing the stimulus plans over the next few months.
China GDP up to 8.9% in Q3