China is the first country to beat the recession. According to an annual World Bank report, Global Economic Prospects 2010, the Chinese economy grew by 8.7 percent in the past year. In the last quarter of 2009, it increased by an impressive 10.9 percent.
That is more than the Chinese government and analysts expected. Beijing is concerned that the economy may overheat. There are already signs of high inflation.
Economists believe China is on course to overtake Japan and become the world's second largest economy after the United States.
Photo: Beijing skyline - Flickr Randomwire
Beijing skyline - Flickr Randomwire
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