A think tank based on China government has project the GDP growth rate of 9.5 per cent for the country in 2010, much above the Beijing’s earlier forecasts of eight percent for the same period. The year is expected to see large scale job creations that will ensure social stability in the long run, claimed think tank.

The State Council's Development Research Centre, in its report published in the China Economic Times, claimed that the world's third-largest economy will perform better in the coming year by beating the recessionary impact.

China’s real estate investment and mild inflation would help to further push economy, remained under pressure due to decline in demand and volatile conditions of the financial market.

Zhang Liqun, a macroeconomist at the centre, added, "In 2010, the external environment will remain rather grim but it will not deteriorate further."

Zhang hoped that the export segment, adversely impacted by slowdown and a key driver of economic growth, will perform better given to positive economic indication in the overseas market.

China reported 8.9 percent growth rate in the third quarter compared to 7.9 and 6.1 per cent during second and first quarter respectively.