In this Jan. 17, 2013 photo, a man stops his bicycle to check an artistic rendering of a residential real estate project outside its construction site in Beijing, China, Thursday, Jan. 17, 2013. China’s economy rebounded in the final quarter of 2012 but optimism was tempered by warnings the shaky recovery could be vulnerable to a possible downturn in global trade. Economic growth rose to 7.9 percent in the three months ending in December as a recovery from China’s deepest slowdown since the 2008 global crisis took hold, data showed Friday. (AP Photo/Alexander F. Yuan)
BEIJING (AP) — China’s economy is finally rebounding from its deepest slump since the 2008 global crisis but the shaky recovery could be vulnerable to a new downturn in global trade.
Growth rose to 7.9 percent in the three months ending in December, up from the previous quarter’s 7.4 percent data showed Friday. For the year, the economy grew by 7.8 percent, which was China’s weakest annual performance since the 1990s.
Retail spending and factory output rose, but analysts say China could suffer a setback if exports weaken or the government fails to maintain investment spending that is propping up a recovery.
“The rebound by itself looks quite shaky,” said IHS Global Insight analyst Xianfang Ren in a report. “While domestic demand looks to be coming back, it looks to be a rather Login to read more