China: Economy fast on track
(by Waltraut Urban)
in: Will Exports Prevail over Austerity?, wiiw Current Analyses and Forecasts No. 6, July 2010, pp. 134-141
In China, GDP rose 11.9% in the first quarter of 2010; that, however, should be seen in the light of the depressed levels the year previous.
Assuming a prolonged pro-growth fiscal policy and a continuing recovery of the world economy, we expect the GDP to grow at a rate of about 9.5% in both 2010 and 2011.
Current global economic developments, together with China's overheated real estate market and rising inflation, pose the major challenges.