Standard and Poor`s expects China GDP to rise 10.3pc in 2010

STANDARD and Poor`s (S&P) forecast the growth rate of China`s GDP in 2010 will climb to 10.3 per cent due to increasing domestic demand and comparatively low index of 2009.

Yet the pace has been slowing down since the third quarter, noted S&P. The biggest threat to China`s growth now is the risk of inflation. Next are the overheated real estate market and the uncertain prospects in developed economies, especially in the EU.