Friday, January 22, 2010

China's Economy Grows 8.7% in 2009

China's economy grew 8.7% in 2009 which was ahead of the official growth target of 8% and yet less than the 9.6% growth recorded in 2008.

Calculations show that China has narrowed the trade gap to $4.909 trillion but has yet to supersede Japan's $5.126 trillion.

During the 4th quarter of 2009 China's GDP expanded 10.7% from a year earlier.

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