China’s GDP grew 10.3% in 2010, 9.8% in the 4th quarter. China’s economy grew 9.2% in 2009. China likely became the 2nd largest economy in 2010, surpassing Japan. Inflation continues to be a worry with consumer inflation standing at 4.6% and producer inflation standing at 5.9%. Excessive real estate investing (pushing up prices and leading to what many see as overbuilding) also continues to be a worry that is growing.
China quarterly growth surges, inflation eases
“We expect GDP growth in year-on-year terms to moderate a bit from here,” Lu said. Tighter monetary conditions should see some easing in growth this year, forecasting full year growth expected at 9% and consumer inflation of 4%, according to Merrill’s estimates.
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RBC revised its outlook for China’s growth this year to 9.5% from 8.8%, after trade data earlier this month showed imports and exports at record levels.
Related: China GDP up 8.7% in 2009 – Rodgers on the US and Chinese Economies (2008)
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