China’s Economy Expands 8.9 Percent

"The country’s faster growth was largely fueled by increased bank lending, generous government support for exports and a 4 trillion yuan, or $585 billion, stimulus package that is spurring a dizzying array of building projects. According to the National Bureau of Statistics, the rate of expansion jumped from 7.9 in the second quarter, which would put the nation on target to reach the 8 percent target that Chinese economists say is required to maintain healthy employment and social stability." Read the complete article in the NYTimes here.