Published on 27.06.2011
China's economy growth in 2011
World Bank projects China's economy to grow 8.0% in 2011
China has experienced a remarkable period of rapid growth spanning three decades, shifting from a centrally planned to a market based economy with reforms begun in 1978. During this time, it grew at an average rate of about 9.7% per year, with exceptionally strong growth between 2003-2007 averaging about 11% per year. Growth remained strong during the recent global financial crisis, reflecting massive stimulus and strong underlying growth drivers.
China's economy is expected to grow 8.0 percent this year and 7.8 percent in 2012, according to the Global Economic Prospects 2010, a report released by the World Bank
Full report at Worldbank.org