Macroeconomic Monitor: China Marches On
China’s Premier Wen Jiabao stated in December that the Chinese people can be proud of the country’s economic performance and effective stimulus measures in 2009. In a year in which China became the world’s leading exporter and seemed poised to surpass Japan as the world’s second-largest economy, China has brushed off a sluggish first quarter to end the year with 8%-plus GDP growth. Now, the real challenge in 2010 will be to successfully move beyond stimulus-led growth. By Barry van Wyk.
China Business News Highlights
Data from Q3 2009 clearly demonstrated that the Chinese economy is heading for a full recovery; GDP as well as almost all other major economic indicators give the impression of robust growth. Q3 also saw Chinese firms remaining active in the M&A market, with most deals occurring in the energy and resources sector, and a high level of activity was observed in China’s IPO market. By Nikita Popov and Charles Avery.
China Facts & Figures
China Facts & Figures provides a cross-section of data illustrating growth, transformations and trends in select Chinese economic indicators. In this edition we analyse China’s growth composition in the first half of 2009 and investigate the geographic and sectoral distribution of investment in China during the first three quarters of 2009. By William Dey-Chao.