Analysis: Rise and fall of China in 2005 – Edward Lanfranco

From UPI:

Events in China during 2005 point to a country on the rise in the economic sphere, but one that faces a variety of daunting political and social dilemmas.

China’s ascendancy in the global economy was made clear by upward revision of its gross domestic product figures for 2004 to more than $1.9 trillion dollars, nearly 17 percentage points better than first estimated by the National Bureau of Statistics. Better data collection in the tertiary sector, especially among privately owned companies, accounted for 93 percent of the amended figure.

See also “Top ten Chinese economic news stories in 2005” from People’s Daily.

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