An economist from Goldman Sachs predicts China's GDP growth will stand at 10.1 percent in 2010, and 10 percent in 2011. Domestic demand has become the main engine for the country's growth.
And Goldman Sachs' analysis shows China is less dependent on exports to developed regions - like the United States, Europe, Japan and South Korea - while exports to other parts of the world have been expanding. But it also warned of possible danger from rising inflation. With a rebound in economic growth, inflation could pick up again.
Goldman Sachs also predicts the growth rate of the world economy to be 4.8 percent this year, and 4.5 percent in 2011.
And Goldman Sachs' analysis shows China is less dependent on exports to developed regions - like the United States, Europe, Japan and South Korea - while exports to other parts of the world have been expanding. But it also warned of possible danger from rising inflation. With a rebound in economic growth, inflation could pick up again.
Goldman Sachs also predicts the growth rate of the world economy to be 4.8 percent this year, and 4.5 percent in 2011.
