'China still the best-performing economy'

GDP growth in China is expected to reach 7.5% this year, according to international credit insurer Coface. Contraction in the first half of the year is expected to reverse in the second half, with China remaining one of the best performing economies in the world. Uncertainty over external political and economic events, such as the Eurozone crisis which is expected to end its contraction in Q4 2012, will affect China’s future economic growth, says Coface. China’s full-year GDP growth for 2011 was 9.2%.