The Chinese economy grew at a pace of 7.9 per cent in the second quarter of 2009, primarily bolstered by the government's stimulus package.
The encouraging growth figure from China comes at a time when majority of the advanced economies are expected to contract in the wake of the global financial turmoil.
China, the world's fastest growing economy, expanded at a rate of 6.1 per cent in the first quarter of 2009.
"In the first half of this year, the gross domestic product of China was 13,986.2 billion yuan, a year-on-year increase of 7.1 per cent, which was one percentage point faster than that in the first quarter," National Bureau of Statistics of China said in a statement on Thursday.
"In terms of growth by quarters, it was up 6.1 per cent for the first quarter, and 7.9 per cent for the second," the statement added.
Moreover, the good growth indicates that the global economy may be slowly coming out of one of the worst recessions in decades.
The Chinese government had come up with a massive stimulus package worth nearly $600 billion to stimulate the economy in the backdrop of the global financial turmoil.
The statement said that in the first half of 2009 the policies and measures set by the central government to fight the financial crisis and promoting fast growth of national economy were effectively implemented.
As a result, the national economy stabilised to recovery with increasing positive changes, it added. The International Monetary Fund has projected the Chinese economy to grow 7.5 per cent in 2009 while the global GDP is expected to shrink 1.4 per cent this year.
According to the IMF, growth projections in emerging Asia have been revised upward to 5.5 per cent in 2009 and 7.0 per cent in 2010 due to improved prospects in China and India.
This partly reflects substantial macroeconomic stimulus and a faster-than-expected turnaround in capital flows, the multilateral lending agency said recently.
However, the National Bureau cautioned that there are many difficulties and challenges existing in the current national economic performance.
"The base for recovery is still infirm, the momentum for picking up is unstable, the recovery pattern is unbalanced, and, thus, there are still uncertain and volatile factors in the recovering progress," the statement noted.
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