HOME » wiiw Current Analyses and Forecasts » Volume: Will Exports Prevail over Austerity? » China: Economy fast on track
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.
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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 DOWNLOAD (Login required)
Countries covered: China |
Add to cartIn 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.
