China: Not so fragile

clock

Although most developed and developing economies came out of recession during the course of last year, most recoveries are expected to be slow and fragile in nature.

The situation with China is, however, different to most other economies. While the Chinese economy grew in each of the first three quarters of 2009, data recently released stated that the Chinese economy returned to double-digit growth in the final quarter of last year as it grew by 10.7% year-on-year. Although this latest growth figure was below expectations, it still represented the fastest rate for two years and a sharp increase on the 9.1% achieved in the third quarter. The latest growth figure for the fourth quarter took China’s growth for 2009 as a whole to 8.7%, comfortably above ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Emerging Markets

Partner Insight: Vanguard's perspective on China's economic challenges

Partner Insight: Vanguard's perspective on China's economic challenges

Vanguard’s chief economist in Asia-Pacific, Qian Wang, and senior investment strategist, Grant Feng, explore the outlook for China’s economy and what it might mean for global investors.

Qian Wang, Chief Economist in Asia-Pacific, Vanguard and Grant Feng, Senior Investment Strategist, Vanguard
clock 25 September 2023 • 8 min read
Partner insight: China could see amazing improvements in productivity

Partner insight: China could see amazing improvements in productivity

Factory and agricultural automation will be needed to counteract China’s falling birth rate, says Capital Group’s Martyn Hole

Capital Group
clock 15 February 2022 • 1 min read
Industry Voice: Emerging markets' overlooked resilience

Industry Voice: Emerging markets' overlooked resilience

Horizon by Embark and Columbia Threadneedle
clock 17 November 2021 • 5 min read