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China's economy is back on growth. It has registered 7.8 percent growth. People thank to Premier Li Keqiang's stimulus program to spur factory output.

The double digit growth clocked by the country's manufacturing sector in 2009-10 - a year marked by unprecedented financial turmoil and demand slump in all major economies across the globe was hailed by the Indian industry.

First and for all, the recession that had hit the U.S. a couple of years back has affected the world economy adversely. It brought the markets to hit rock bottom it's sadly true that the process of recovery is still under way.