Report by the WTO Secretariat

China enjoyed strong economic growth in 2010 and 2011, boosted by a ¥4 trillion fiscal stimulus package implemented in 2008-10. Growth was also helped by the recovery of world trade, but China’s exports recovered less rapidly than its imports and its merchandise trade surplus continued to fall, reaching 4.3% of GDP in 2010 from levels of 9% and above before 2008. Nominal GDP per capita increased in 2011 to the equivalent of US$5,400.