The Rising Influence of Rising Affluence

[DewDiligence]

China’s 4Q10 GDP Expands 9.8% Year-over-Year

[2010 full-year GDP grew 10.3%.]

http://online.wsj.com/article/SB10001424052748704590704576092730688164622.html

›JANUARY 19, 2011, 9:27 P.M. ET
By AARON BACK

BEIJING—China's gross domestic product in the fourth quarter grew 9.8% from a year earlier, faster than the third quarter's 9.6% rise, which may increase market expectations for further tightening on monetary policy.

The expansion was above market expectations of a 9.2% rise, according to the median forecast of 13 economists polled earlier.

In 2010, China's GDP grew 10.3%, the National Bureau of Statistics said in a statement, up from 2009's growth rate of 9.2%, and above economists' median expectation of a 10.1% rise.

"China will consolidate the achievements of countering the impact of the global financial crisis and ensure steady and relatively fast economic development" in 2011, the National Bureau of Statistics said in a statement.

The National Bureau of Statistics is holding a news conference on the data that started at 0200 GMT.‹