China Briefings
Reports on China issued by Samsung Economic Research Institute
China's Globally Emerging Companies and the Implications
LEE Yong-Hwa
Mar. 3, 2011
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.
