China shows way to sustainable recovery, growth
By Hugh Simon | China Daily | Updated: 2010-02-23 08:06
Twelve months ago, an 8 percent GDP target was seen as an idealistic and too optimistic goal for China.
But with the implementation of a 4 trillion yuan stimulus resuscitating domestic property and infrastructure projects, in tandem with global economic recovery, the nation surpassed expectations.
Growing 8.7 percent in 2009, China's fourth quarter GDP grew 10.7 percent, hitting double digits for the first time since the second quarter of 2008.
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