China GDP Expanded 9.8% in the Fourth Quarter of 2010

China’s economy unexpectedly accelerated in the fourth quarter of 2010 despite a series of tightening measures, spotlighting Beijing’s difficulties managing growth and fueling market concerns about further government moves to combat inflation. The fourth quarter’s 9.8% expansion in China’s GDP makes it all but certain that China became the world’s second largest economy in 2010, ending Japan’s 42-year reign in that position—although Japan doesn’t report its year-end economic data until next month. – The WSJ

Disclaimer: This page contains affiliate links. If you choose to make a purchase after clicking a link, we may receive a commission at no additional cost to you. Thank you for your support!

Be the first to comment

Leave a Reply

Your email address will not be published.


This site uses Akismet to reduce spam. Learn how your comment data is processed.