Business confidence 'buoying growth'

NBS sees further evidence that economy is on the mend

China's economic growth is stabilizing, with a strong rebound in momentum as business confidence rises, a government spokesman said on Monday.

A pickup in industrial output, better-than-expected global market conditions and government fine-tuning are combining to generate faster growth, said Sheng Laiyun, spokesman of the National Bureau of Statistics, at a news conference in Beijing.