China defies global economy trend

World Bank predicts that Asian giant will outpace the world in economic growth.

    World Bank figures have given China a double-digit growth in the last quarter of 2009 - 10.7 per cent to be precise - which puts it on course to overtake Japan as the second-largest economy in the world, after the US.

    "China's economy has been growing very rapidly since the end of the recession. But the problem is that the country has a huge population with significant diversity between different regions," Mansoor Dailami, international finance manager with the World Bank's development economics branch, told Al Jazeera.

    "And they still have a long way to go to catch up with the more advanced countries."

    Dailami said 2010 is going to be a year of economic recovery compared to 2009, but cautioned that "there are some concerns in regards to the pace and dynamism of this recovery and what it takes for things to continue moving forward from 2010 into 2011".

    For all the impressive numbers, however, as Al Jazeera's Melissa Chan reports, China's large population means there are still millions of people who are not experiencing the positive effects of their country's economic boom.

    SOURCE: Al Jazeera


    YOU MIGHT ALSO LIKE

    'We scoured for days without sleeping, just clothes on our backs'

    'We scoured for days without sleeping, just clothes on our backs'

    The Philippines’ Typhoon Haiyan was the strongest storm ever to make landfall. Five years on, we revisit this story.

    How Moscow lost Riyadh in 1938

    How Moscow lost Riyadh in 1938

    Russian-Saudi relations could be very different today, if Stalin hadn't killed the Soviet ambassador to Saudi Arabia.

    Daughters of al-Shabab

    Daughters of al-Shabab

    What draws Kenyan women to join al-Shabab and what challenges are they facing when they return to their communities?