Thursday, 21 January 2010

News

China has declared itself the first major economy to recover from the global economic downturn as data showed economic growth accelerated to 10.7% in the final quarter of 2009.GDP for the whole year totaled 8.7 per cent according to government figures released on Thursday, easily beating targets. However, the raft of data released by the National Bureau of Statistics also showed inflation picking up, adding to pressure on the government to prevent overheating in the economy.