The gross domestic product (GDP) grew 7.1 percent from the same period a year ago to 13.99 trillion yuan (US$2.06 trillion) in the first half, as massive government spending and record lending helped the economy rebound from the worst growth in a decade.

Chinese economy expanded 7.9 percent year on year in the second quarter, said the National Bureau of Statistics (NBS).

The government's growth target for this year is 8 percent.

>>June CPI Falls 1.7%, PPI Down 7.8%

>>Industrial Output Up 10.7% in June

>>GDP Grows 7.9% in Q2

>>Retail Sales Up 15% in H1

>>Fixed-asset Investment Up 33.5% in H1

>>Forex Reserves Top US$2.13 Tln by End of June

>>FDI Falls 17.9% in H1

(Xinhua News Agency July 16, 2009)