Thursday, January 21, 2010

BBC News - China economy shows strong growth

China says its economy expanded by 8.7% in 2009, exceeding even the government's own initial expectations.

The pace of change increased as the year went on, with growth in the final quarter of 2009 increasing by 10.7% from 2008.

It is a major turnaround for an economy that was hit by the global downturn just a year ago.

China is now on course to overtake Japan and become the world's second-biggest economy.

Japan announces its latest GDP figures next month. Its economy is likely to have contracted by about 6% in 2009.

BBC News - China economy shows strong growth

Who won the Cold War again?
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