21 January 2010

China GDP in Double Figures

China's economy is so strong, it has even pushed double figures into the picture for 2009.

This seems entirely different to the struggling recovery of the UK and other western nations, yet China is now on course to take on the crown of World's Second Largest Economy - putting Japan beneath it.

Chinese officials claim that thanks to the 150 million people in China living poverty, it is unlikely that they are strong enough to take over from Japan. Indeed, they remind us that China is still a so-called 'developing country'.

Developing indeed, with GDP at over 10 per cent for the last quarter of last year (when compared with the year before). Many will now be studying their financial charts and data to see how markets react to the news.

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