CANBERRA, July 16 (Xinhua) -- Australian Treasurer
Wayne Swan welcomed news of strong economic growth in China, in the wake of
trade concerns for Australia due to the global recession.
Figures released by the Chinese National Bureau of
Statistics on Thursday showed China's economy grew 7.9 percent in the second
quarter of 2009 in a startling turnaround fueled by a massive stimulus package.
The Chinese growth rate was up from 6.1 percent in
the first quarter, with the government's growth target for this year being 8
percent.
"It's encouraging - certainly economic stimulus has
had an impact in that country. Growth in China towards the end of last year was
very very subdued," Swan told reporters.
Swan said it was good to see some encouraging figures
out but there was still some way to go to live with the fallout from the global
recession.
"This can be seen in terms of trade for Australia
which will certainly be adversely affected, that will have an impact on our
national income and that makes our employment outlook difficult and we've seen a
decline in private investment," he said.
"Those two factors alone mean that we still face a
difficult outlook."
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