China's policy changes showing positive results

Despite being confronted with a string of uncertainties ahead, China's economy will be in a better shape than expected this year. Due to the gloomy internal and external economic conditions, the fast-growing economy of the past decades is now struggling to meet an 8 percent growth target.

According to newly released figures by the National Bureau of Statistics, the gross domestic product (GDP) of the world's largest developing nation reached 30 trillion yuan ($4.38 trillion) last year, up 9 percent from that in 2007.

The growth rate of the country's consumer price index (CPI), a key measure for inflation, was 5.9 percent on the average, and its investment into fixed assets was 17.23 trillion yuan, a 25.5 percent growth over the previous year.