According to the latest figures released, China's economy grew at 7.9 per cent during the fourth quarter of 2012, following a slowdown in the year.

The company's gross domestic product (GDP) recorded a growth of 7.9 per cent, which is its lowest level of growth in 13 years. The latest data released by the National Bureau of Statistics in Beijing indicates that the world's second largest economy is recovering.

The total retail sales in the country rose by an impressive 14.3 per cent and industrial output recorded an increase of 10 per cent during the period. Government also showed that spending on infrastructure projects increased to £3.63 trillion during the whole year.

The revival of the fourth quarter following two years of slowdown will boost investor sentiments in the country. The coming few quarters are likely to continue on the path of growth as more infrastructure spending is rolled out in the country as the new political leadership takes over the charge of the country.

The Chinese economy has grown at enviable pace in recent times and recently surpassed Japan to become the second largest economy in the world.