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.
- Scams on the rise following new pension freedoms
- Five stocks you shouldn't 'sell in May'
- Ryanair finds it pays to be nice as profits soar 66% on customer service drive
- Five funds to weather the bond market storm
- Watchdog investigates as thousands of vulnerable customers are switched to pre-paid meters
- Regulator looks to fine three men £80m over sales of 'death bonds'
- Driving in inappropriate footwear could invalidate your car insurance
- Personal allowance to rise with minimum wage