Chinese economic growth:
- 24 January 2011
The situation now presents a ‘damned if they do, damned if they don't' dilemma whereby if China reports higher growth, markets fall over worries on inflation, if it reports weaker growth, markets fall over worries on the detrimental effect on the global economy.
The Telegraph reported: "Strong China economic growth of 10.3pc spooks markets: China said its economy grew 10.3pc in 2010, marking the fastest annual pace since the onset of the global crisis but concerns about persistent inflation sent Asian markets tumbling." With markets increasingly taking their lead from Asia now, the repercussions were felt around the world.
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