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 and , 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]

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