wiiw Current Analyses and Forecasts
China: Economy fast on track
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in: Will Exports Prevail over Austerity?
wiiw Current Analyses and Forecasts No. 6, July 2010 , pp. 134-141
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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.
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.
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Countries covered: China