China tipped to rise 10%

Mongolia News.Net
Sunday 22nd November, 2009

Major investment and rising consumption could spur China’s economy to grow by 10 per cent in the fourth quarter of 2009.

China’s press has quoted top economists as saying the massive investment, record levels of consumption, rising exports to international markets and the resumption of industrial growth has aided development in the country.

The last three months of 2009 are likely to be critical for China’s figures, with full year growth of around 8.5 per cent expected.

Inflation linked to a government stimulus package and the appreciation of the yuan could cause Chinese export industries to suffer in 2010, according to the economists.

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