China Expansion Fastest in 13 Years – John Ng

From Asia Times Online:

China’s economy expanded 11.4% in 2007, the fastest expansion in 13 years, mainly powered by exports and investment, even as growth slowed down slightly in the fourth quarter, according to government data released on Thursday.

Gross domestic product (GDP) increased to 24.66 trillion yuan (US$3.41 trillion) last year, bringing the Middle Kingdom closer to overtaking Germany as the world’s third-largest economy after the United States and Japan….[Full Text]

January 24, 2008 5:52 AM
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Categories: Economy