CHINA's economy grew 10.3 per cent in 2010, exceeding analysts' expectations, but posting slower GDP growth in the fourth quarter at 9.8 per cent.Inflation fell in December as Beijing moved to rein in prices. The 2010 figure, up from a revised 9.2 per cent GDP increase in 2009. The 2009 figure put China ahead of Japan and just behind the US in ranking of the world's largest economies.
China's consumer price index rose 4.6 per cent year on year in December compared with 5.1 per cent in November, the fastest growth in more than two years, reported Agence France-Presse.
The index rose 3.3 per cent for all of 2010 - exceeding the government's full-year target of three per cent because of rising food prices.
There was a 15.7 per cent increase in China-wide factory output in 2010. Urban fixed asset investment, a measure of government spending on infrastructure, rose 24.5 per cent over the 12 months - slower than in the previous year, but retail sales were up 18.4 per cent.
There was a 15.7 per cent increase in China-wide factory output in 2010. Urban fixed asset investment, a measure of government spending on infrastructure, rose 24.5 per cent over the 12 months - slower than in the previous year, but retail sales were up 18.4 per cent.
Source : HKSG, 20.01.11.
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