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China's 2010 GDP reached 39 trillion yuan, equivalent to 8.5% of global GDP, and over Japan as the world's second largest economy.
Integrated media reported on January 18, deputy director of the NPC Financial and Economic Committee, said Yin Zhongqing 18, 2010 China's gross domestic product (GDP) reached 39 trillion yuan (5.9 trillion combined), equivalent to global GDP, 8.5 %, and overtook Japan as the world's second largest economy.
Yin Zhongqing in a forum that is facing tremendous pressure to appreciate the renminbi, China also faces the challenge of hot money inflows. He also said the United States is reduced by depreciation of the dollar foreign debt.
Scheduled to official data released Thursday may show economic growth in China slowed in the fourth quarter, the inflation rate down in December last year, mainly by the Chinese government to further tighten monetary policy implications, but economists expect the economy does not appear hard landing, but the inflation risks remain.
13 surveyed economists expected the value displayed in the fourth quarter, China's GDP likely grew 9.2%, below last year's third quarter growth rate of 9.6%. China 2010 GDP may grow 10.1%, higher than 9.2% in 2009.
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