A growing skyline of new buildings in Beijing stands before Ritan Park where people are gathered in a traditional Chinese pavilion atop a hill, on September 20, 2009. Despite fears of bubbles in China�s property and stock markets, Beijing will maintain its stimulus policies and pump more money into the economy until its manufacturing sector recovers, analysts say. China's economy expanded 7.9 percent in the second quarter after a 6.1 percent expansion in the first three months of 2009, but that growth was largely underpinned by a four-trillion-yuan (580-billion-dollar) stimulus package unveiled in late 2008 and 7.4 trillion yuan in bank lending in the first half of this year. Soaring property and stock prices this year have raised fears that much of the money was being funnelled into asset markets for quick profit, rather than the real economy as intended. Ritan Park, or the Temple of the Sun, which evolved around an altar built in 1530 for ritual sacrifice by Ming dynasty emperors, is one of Beijing's oldest parks. Getty Images logo Getty Images 4 months ago

A growing skyline of new buildings in Beijing stands before Ritan Park where people are gathered in a traditional Chinese pavilion atop a hill, on September 20, 2009. Despite fears of bubbles in China�s property and stock markets, Beijing will maintain its stimulus policies and pump more money into the economy until its manufacturing sector recovers, analysts say. China's economy expanded 7.9 percent in the second quarter after a 6.1 percent expansion in the first three months of 2009, but that growth was largely underpinned by a four-trillion-yuan (580-billion-dollar) stimulus package unveiled in late 2008 and 7.4 trillion yuan in bank lending in the first half of this year. Soaring property and stock prices this year have raised fears that much of the money was being funnelled into asset markets for quick profit, rather than the real economy as intended. Ritan Park, or the Temple of the Sun, which evolved around an altar built in 1530 for ritual sacrifice by Ming dynasty emperors, is one of Beijing's oldest parks.

More Photos of

Explore Photos of Related Topics

Recent Photos From The Wire

  1. New Orleans Saints fans cheer during a parade celebrating the Saints' 31-17 victory over the Indianapolis Colts in the NFL football Super Bowl in New Orleans, Louisiana February 9, 2010.
  2. MELBOURNE, AUSTRALIA - FEBRUARY 10: Phillip Hughes of the Blues plays a shot during the Ford Ranger Cup match between the Victorian Bushrangers and the New South Wales Blues at Melbourne Cricket Ground on February 10, 2010 in Melbourne, Australia.
  3. MELBOURNE, AUSTRALIA - FEBRUARY 10: John Hastings of the Bushrangers bowls during the Ford Ranger Cup match between the Victorian Bushrangers and the New South Wales Blues at Melbourne Cricket Ground on February 10, 2010 in Melbourne, Australia.
  4. MELBOURNE, AUSTRALIA - FEBRUARY 10: Phillip Jaques of the Blues plays a shot during the Ford Ranger Cup match between the Victorian Bushrangers and the New South Wales Blues at Melbourne Cricket Ground on February 10, 2010 in Melbourne, Australia.
  5. MELBOURNE, AUSTRALIA - FEBRUARY 10: John Hastings of the Bushrangers bowls during the Ford Ranger Cup match between the Victorian Bushrangers and the New South Wales Blues at Melbourne Cricket Ground on February 10, 2010 in Melbourne, Australia.
  6. Cast member Benicio Del Toro poses at the premiere of "The Wolfman" at the ArcLight theatre in Hollywood, California February 9, 2010. The movie opens in the U.S. on February 12.
  7. Restaurant workers take a break in a laneway in central Sydney February 10, 2010. The Australian government's leading index of employment fell in February after seven consecutive monthly rises, pointing to a possible pause in jobs growth, data showed on Wednesday.
  8. MELBOURNE, AUSTRALIA - FEBRUARY 10: Phillip Jaques of the Blues plays a shot during the Ford Ranger Cup match between the Victorian Bushrangers and the New South Wales Blues at Melbourne Cricket Ground on February 10, 2010 in Melbourne, Australia.
  9. Passersby are reflected on the front part of Honda Motor Co.'s vehicle on display at the automaker's headquarters in Tokyo, Japan, Wednesday, Feb. 10, 2010. Honda Motor Co. says it is adding 17,000 more cars in Japan and elsewhere to an existing global recall for faulty airbags, bringing the latest round of recalls to 437,000. The Feb. 10, 2010 announcement in Tokyo came after Honda said Tuesday, Feb. 9, 2010, that it is adding more than 378,000 cars to the recall in the U.S. and Canada.
  10. Honda Motor Co.'s headquarters is reflected on a displayed car in Tokyo, Japan, Wednesday, Feb. 10, 2010. Honda Motor Co. says it is adding 17,000 more cars in Japan and elsewhere to an existing global recall for faulty airbags, bringing the latest round of recalls to 437,000. The Feb. 10, 2010 announcement in Tokyo came after Honda said Tuesday, Feb. 9, 2010, that it is adding more than 378,000 cars to the recall in the U.S. and Canada.
  11. Honda Motor Co.'s vehicle is on display in front of the automaker's headquarters in Tokyo, Japan, Wednesday, Feb. 10, 2010. Honda Motor Co. says it is adding 17,000 more cars in Japan and elsewhere to an existing global recall for faulty airbags, bringing the latest round of recalls to 437,000. The Feb. 10, 2010 announcement in Tokyo came after Honda said Tuesday, Feb. 9, 2010, that it is adding more than 378,000 cars to the recall in the U.S. and Canada.
  12. SYDNEY, AUSTRALIA - FEBRUARY 10: Model Louise Vorst showcases a Zimmermann design on the catwalk during the David Jones Autumn/Winter 2010 Fashion Launch at the Hordern Pavilion on February 10, 2010 in Sydney, Australia.
  13. Commonwealth Bank of Australia (CBA) Chief Executive Officer Ralph Norris gives a speech during the half year results news conference in central Sydney February 10, 2010. CBA Ltd, the country's second largest bank, reported a 54 percent rise in first-half profit, its biggest half-yearly cash profit in a decade, as expected, bolstered by cost cutting, loan growth and gains in wealth management.
  14. A man walks by Honda's vehicles on display at the headquarters of Honda Motor Co., in Tokyo, Japan, Wednesday, Feb. 10, 2010. Honda Motor Co. says it is adding 17,000 more cars in Japan and elsewhere to an existing global recall for faulty airbags, bringing the latest round of recalls to 437,000. The Feb. 10, 2010 announcement in Tokyo came after Honda said Tuesday, Feb. 9, 2010, that it is adding more than 378,000 cars to the recall in the U.S. and Canada.
  15. A man walks by a Honda's vehicle on display at the headquarters of Honda Motor Co., in Tokyo, Japan, Wednesday, Feb. 10, 2010. Honda Motor Co. says it is adding 17,000 more cars in Japan and elsewhere to an existing global recall for faulty airbags, bringing the latest round of recalls to 437,000. The Feb. 10, 2010 announcement in Tokyo came after Honda said Tuesday, Feb. 9, 2010, that it is adding more than 378,000 cars to the recall in the U.S. and Canada.
  16. A woman walks by a Honda's vehicle on display at the headquarters of Honda Motor Co., in Tokyo, Japan, Wednesday, Feb. 10, 2010. Honda Motor Co. says it is adding 17,000 more cars in Japan and elsewhere to an existing global recall for faulty airbags, bringing the latest round of recalls to 437,000. The Feb. 10, 2010 announcement in Tokyo came after Honda said Tuesday, Feb. 9, 2010, that it is adding more than 378,000 cars to the recall in the U.S. and Canada.