Although most developed and developing economies came out of recession during the course of last year, most recoveries are expected to be slow and fragile in nature.
The situation with China is, however, different to most other economies. While the Chinese economy grew in each of the first three quarters of 2009, data recently released stated that the Chinese economy returned to double-digit growth in the final quarter of last year as it grew by 10.7% year-on-year. Although this latest growth figure was below expectations, it still represented the fastest rate for two years and a sharp increase on the 9.1% achieved in the third quarter. The latest growth figure for the fourth quarter took China’s growth for 2009 as a whole to 8.7%, comfortably above ...
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