Our Principles of Macroeconomic classes have been learning more about GDP – how it is measured, and what levels of GDP growth are sustainable. The New York Times reported significant growth in GDP for China for the 4th quarter and all of 2010…
China’s economy grew at a higher-than-expected rate of 9.8 percent in the fourth quarter and inflation eased only moderately last month, China’s National Bureau of Statistics said Thursday.
The agency said the economy grew at a rate of 10.3 percent for the full year, while the rate of inflation was 3.3 percent. Inflation fell in December to 4.8 percent, from 5.1 percent in November. G.D.P. growth rose from 9.6 percent in the third quarter and topped the 9.2 percent forecast by market analysts surveyed by Reuters.
The report did little to quell concern that China’s economy was growing at an unsustainable pace.