China: GDP grows by 9.8% in Q4 2010; CPI rises by 4.6%

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FXstreet.com (Córdoba) - A good set of data about the Chinese economy was just released by the National Bureau of Statistics of China, among which stands out the Q/Y Gross Domestic Product, which grew by 9.8% above the 9.2% rise forecasted by surveyed economists.

Consumer Price Index that rose 4.6% over the year to December 2010, slightly below the 4.7% expected and easing from a 5.1% increase the previous month. The Producer Price Index on the other hand increased by 5.9% against the 5.6% expected.

China's economic growth quickened in the Q4 2010, while inflation eased in December, boosting the risk sentiment across the board.

In other data, the Industrial Output matched expectations around a 13.5% increase over the year to December 2010 from 13.3% the previous month. Retail Sales exceeded forecast growing 19.1% in December against 18.9% expected while Urban investment (YoY) increased by 24.5%, slightly below expectations.



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This article appears in: Investing , Forex and Currencies

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