China

    China’s economy grew by 9.6 percent in the last quarter of 2010, compared to the same period in 2009, despite efforts by the government to rein in economic growth and inflation. This growth cements China’s status as the second-largest economy in 2010, overtaking Japan – which has held the second position for 42 years, the Wall Street Journal says. Japan, however, has yet to release its economic data, the news agency notes.

    About the author

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      Ivy Mungcal

      As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.