China continued its trend of recovery in August while other countries have yet to step out of the shadow of the global financial crisis. Major statistics from China show that the country's strong recovery signs lay a good foundation for its target of an 8 percent growth this year.

The Purchasing Managers Index, an indicator for economic activity, has grown by 50 percent for six consecutive months. Amiid the world's economic slowdown, China's economy maintained 7 percent growth in the first six months of 2009.

Chen Yulu, Vice Chairman of China Int'l Financial College said "So far, the real economy of developed countries is still struggling for recovery. I estimate the final recovery won't be achieved before 2010. But indicators show that China's stimulus package has started to show clear results in the real economy. The Consumer Price Index showed its first monthly rise in August after seven months of decline."

Meanwhile, the World Bank has raised its prediction for China's 2009 economic growth from 7.2 per

Source: CMBOL