Market Profile on Chinese Mainland

An Expert's View about Business Environment in China

Last updated: 29 Jun 2011

The Chinese economy grew by 9.2% in 2009. In the first quarter of 2010, GDP growth accelerated to 11.9%, supported both by domestic demand and a recovery in exports. In subsequent quarters of 2010, GDP grew by 10.3%, 9.6% and 9.8% respectively, resulting in an average growth of 10.3% for 2010.  In the first quarter of 2011, real GDP grew by 9.7%. 

As the Chinese economy revived in the second half of 2009, measures have been taken to minimize the chance of inflation and economic overheating. The People’s Bank of China (PBOC) raised the reserve requirement ratio six times in 2010.  So far in 2011, the PBOC has raised the reserve requirement ratio for five times with the latest increase effective on 18 May 2011. The reserve requirement ratio for large commercial banks reached 21%. The PBOC also raised the base lending rate twice on 9 February and 6 April of 2011.

To read the full version, please click here

 


Posted: 28 June 2011, last updated 29 June 2011

See more from Business Environment in China

Expert Views    
Mustknows about business set-up in China   By Sara Cheng, Consultant
A breath of fresh iPad Air: 14 fancy, functional cases   By Global Sources
Hot Tips    
Due Diligence Doubts?   By China Trade Commission
How To Get Your Money Back From Clever China Cheaters...   By China Fraud Patrol
Latest News    
The China You'll Never Know...   By China Trade Commission