2006 .china will be world 3rd economic country
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2005 .exceed uk . france .
2006 .exceed germany -
China's economy grew 10.2 per cent last year, instead of the previously announced 9.9 per cent, the National Bureau of Statistics (NBS) announced yesterday with the difference in monetary terms amounting to nearly US$10 billion.
The bureau revised the 2005 gross domestic product from 18.2321 trillion yuan (US$2.279 trillion), as announced in January, to 18.3085 trillion yuan (US$2.289 trillion). -
China's economy surged a year-on-year 10.9 percent in the first half of 2006, the National Bureau of Statistics (NBS) revealed Tuesday, roaring ahead despite a slew of measures imposed by the government to ease the blistering growth of investment.
Total gross domestic product between January and June reached 9.14 trillion yuan (US$1.14 trillion), NBS spokesman Zheng Jingping told a press conference in Beijing Tuesday morning.
Growth stood at 11.3 percent for the second quarter alone.
A number of economists, in interviews with Xinhua, acknowledged the growth was alarmingly high, but Zheng played it down, saying such high rates were also reported in previous years. -
so wat if can be in 3rd position
we still have a prick here. -
Originally posted by FireIce:so wat if can be in 3rd position
we still have a prick here.
Huh? -
It's not hard to be "third largest economy" when you have 1.3 billion people. What is a more accurate measure of wealth is GDP per capita (ie income per person). Using that sensible criterion, China is still a very poor country. Yes, it has good growth, but that just means the incomes are rising at a good rate, doesn't mean the incomes are good. Using an analogy, someone earning a 40K a year salary who has a 4% pay rise is still way richer than someone who has a 5K a year salary and gets a 10% pay rise.