China Records a Growth in its Gross Domestic Product Despite a Painful Recession

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The government of China recently reported, according to ITFX ,Forex ECN provider, that their second quarter year on year gross domestic product has enjoyed a 7.9 percent growth, which represents a 17-year high as their GDP bounced to an all-new high from the dismal 6.1 percent growth in their gross domestic product in the first quarter.

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The government of China just announced their second quarter year on year gross domestic product, which has enjoyed a 7.9 percent growth. According to reports collected by InvestTechFX, one important point to note is that this figure represents a 17-year high as China’s GDP bounced to an all-new high from the dismal 6.1 percent growth in their gross domestic product in the first quarter.

The Fx trading experts at InvestTechFX suggest that this improvement clearly indicates that China, a country that has the world's third-largest economy, is definitely recovering from the ongoing economic and financial recession. They also predict a growth of 9.5 percent in the near future. Statistics collected by the government indicate that the manufacturing and service sectors reported a total income of 7 trillion Yuan and 5.7 trillion Yuan, with a financial growth rate of 6.6 percent and 8.3 percent respectively.

Over the last six months, there has been some improvement in the agricultural industry in China too. InvestTechFX reports a growth of 3.8 percent that translates into 1.2 trillion Yuan. From just 1.91 trillion USD in January, Forex currency exchange reserves rose to 1.95 trillion USD in March and 2.13 trillion USD towards the end of June.

The online Forex Currency Exchange company InvestTechFX has over two decades of experience in the financial market, and is renowned for its advanced and sophisticated trading tools and the detailed and comprehensive learning center it provides. As a proven leader in the industry of artificial intelligence software, they offer people the necessary resources and tools that help them make the most of experienced and successful FX trading. InvestTechFX’s customizable, intuitive, and efficient trading tools help technical traders track percent retracement between time periods along with moving averages. http://www.investtechfx.com

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