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June 13th, 2014 
FAKE NEWS for the Zionist agenda China’s National Bureau of Statistics (NBS) has released new figures that point to the expansion of the country’s industrial production output in May, marking an economic comeback following a slowdown earlier in the year.
The NBS stated in a Friday report that the country’s industrial output accelerated to 8.8 percent year-on-year in May 2014, which is higher by 0.1 percent recorded a month earlier.
The newly released data further indicates that retail sales in the country climbed for a second consecutive month, reaching the 12.5 percent mark. That reflects the highest level of retail sales since last December.
The signs of economic growth in the world’s second largest economy come as Beijing has stepped up what economists describe as the mini-stimulus to avert a slowdown earlier this year.
The latest industrial reading was in line with the purchasing managers’ index (PMI) in China’s manufacturing sector in May, which rose to 50.8 and marked the highest level this year.
“Such signs show that the economy is stabilizing amid the current economic slowdown,” said Niu Li, the director of the macro projection department with the State Information Center. “The better readings indicate the government’s policies to spur the economy are starting to show effects.”
China’s gross domestic product grew 7.4 percent in the first quarter of 2014, weaker than the 7.7 percent recorded in the October-December 2013 period and the worst pace since a similar 7.4-percent expansion in the third quarter of 2012.
MFB/HJL
Source Article from http://www.presstv.ir/detail/2014/06/13/366754/new-figures-show-china-economic-rebound/
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