China’s economy grew at 10.7% annual rate in fourth quarter of 2009 - - up 8.7% in year; Inflation rises
Jan 21st, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
China’s economy grew at a 10.7 per cent annual rate in the fourth quarter of 2009, from the same period a year earlier but the robust growth came with higher inflation, raising worries that recent restrictions on lending will be followed with further monetary curbs. China's economy expanded 8.7 per cent in 2009 from a year earlier, indicating that China achieved its full-year growth target of 8 per cent for 2009, according to the official data.