CHINA’S ECONOMY IN 2011

HOW WILL CHINA'S ECONOMY PERFORM IN 2011?

Jijo Jacob

International Business Times, December 23, 2010

As the global economy is entering arguably another tumultuous year, spotlight is sharply on the prospects, policies and risks of China's economy, which has all but sailed past Japan's as the world's second largest after the United States.

The following is a look into Chinese economy's prospects in 2011 and the nature and gravity of the challenges it faces.

GDP GROWTH

The fast-growing Asian giant's economy grew an average 10.6 percent in the first three quarters of 2010 though signals of a moderation in the pace of growth have risen of late. A Reuters poll has shown China's growth next year will be marginally weaker. Economists surveyed for the poll said the economy will slow to 8.9 percent in 2011. However, a poll in the previous quarter had shown that growth could be 9 percent next year.

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