China poised to become world's second biggest economy
China National News
Saturday 26th December, 2009
China has revised upwards its economic growth figure for last year.
Previously China said its economy grew by 9% in 2008, however on Friday that figure was revised up to 9.6%.
In U.S. dollar terms, China's GDP was 31.405 trillion yuan ($4.6 trillion), the statistics bureau told reporters in Beijing Friday.
This is not far from Japan, the world's second biggest economy, which recorded $4.9 trillion in GDP last year.
With China's economy continuing to grow (8% growth expected this year), and Japan struggling, it is only a matter of time before China cruises into the number two spot.
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