| China’s Economy Leapfrogs Germany |
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| Thursday,January 15,2009 Posted: 18:16 BJT(16 GMT) |
| From:Albanian Daily News Article type:Reproduced |
The Chinese government has increased its estimate of how much the economy grew during 2007. the revision means China’s economy overtook Germany’s to become the world’s third largest in 2007. Gross domestic product expanded 13%, up from an earlier estimate of 11.9%, to 25.7 trillion yuan ($3.5 trillion). The figures underscore China’s emergence as an economic superpower, although the country’s growth rate is expected to have dropped to 9% in 2008. China’s government is taking measures to try and ease the slowdown. The government has launched a 4 trillion yuan ($586 bn) stimulus package and has promised measures to help struggling exporters and vehicle and steel makers. (BBC)
Source: Albanian Daily News, Jan.15, 2009, P14 |
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