China GDP grows by 8.7 percent in 2009

According to CNN, China's economy grew by 8.7 percent in 2009, according to the National Bureau of Statistics and the fourth quarter growth alone surged to 10.7 percent on an annualized basis. However, there are concerns of a growing property bubble in China that are fueled by lending which has seen property prices grow 50 percent or more in some cities.





Source: "China GDP grows by 8.7 percent in 2009 - CNN.com." CNN.com International - Breaking, World, Business, Sports, Entertainment and Video News. Turner Broadcasting Company, 21 Jan. 2010. Web. 25 Jan. 2010.