China economy surges in 2009

The expansion in the country's economy accelerated as the year progressed, with growth in the fourth quarter increasing 10.7% compared to the equivalent period last year, said head of the National Bureau of Statistics Ma Jiantang. With the release of Japan's GDP figures next month expected to reveal a contraction of around 6%, China is poised to become the world's second largest economy. Ma Jiantang said after a turbulent 2009, China's economy was now moving in the right direction. China's recovery comes on the back of the government's huge stimulus package, but with inflation pick...