Asia Bizz: China’s economy has surged by 10.3% in the year 2010, and this is something that has shown the world that the red dragon is consistently growing over the years. The global economic meltdown has not affected China as much as it has affected the West, and it is the sole reason the country’s economy has risen by more than 10%.
The GDP of the country was a massive 38.3 trillion Yuan, which is around $6.05 trillion. During the fourth quarter, the GDP of the country had scaled up to 9.8% from previous 9.6%. Over the past year, China has gave stress in building its economy, and it has been successful in doing that.
The country has pulled itself out of the global financial crisis and this is something that has indeed helped China to boost its morale. The government had kept forward a growth target of 8% and it has successfully crossed it with ease. Witnessing China’s growth, analysts state that the West will be concerned, as it is moving ahead with a steady pace.
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