China's economy rose 10.7 percent year on year in the fourth quarter last year, and 8.7 percent year on year for the whole year, the National Bureau of Statistics (NBS) said Thursday.

This compared with a quarterly growth of 6.2 percent in the first quarter, 7.9 percent in the second quarter, and 9.1 percent in the third quarter.

Policies adopted by the Chinese government to fight the global financial crisis had produced significant results and the Chinese economic growth was on a consolidated recovery.

The figures showed that China has achieved the full-year growth target of 8 percent, which the government believes is essential to generate more jobs for its 1.3 billion population.