(For Q4 2010)
China fourth quarter GDP growth was reported at 9.8%, slightly better than third quarter growth rate of 9.6%. This time upside came from primary sector (agriculture, forestry…) and services rather than as usually from manufacturing.
In 2010 Chinese economy grew 10.3%,
Still quite high growth rates, I expect China will try to keep it’s economy growing at near 10% growth rate this year also. Biggest headwind will be inflation and with inflation connected interest rate increases. Looking at Q4 data Chinese growth looks quite resilient.
Chart 1. China GDP Quarterly Growth