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China Briefings

Reports on China issued by Samsung Economic Research Institute

China's Globally Emerging Companies and the Implications

China's Globally Emerging Companies and the Implications

LEE Yong-Hwa

Mar. 3, 2011

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I. Background

□ Even during the global economic crisis, China maintained a high growth momentum.

- Thanks to s trong exports, the Chinese economy was expected to achieve a high growth of 10.3% in 2010, following 2009.
  • In the second quarter, China's GDP stood at US$1.34 trillion, surpassing Japan's (US$1.29 trillion). With that, China now ranks the worlds second in terms of GDP, befitting of the G2 status.

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