China Revises 2007 GDP
China recently restated it's 2007 GDP to 3.76 Trillion U.S. Dollars. This represents annual adjusted growth of 13%, up 1.1% from the previous estimate. This adjustment moves China ahead of Germany to being the worlds third largest economy, behind those of The United States and Japan (respectively).
However, given the global economic slowdown, analysts are predicting only single-digit growth for China in 2008. This would be the first time in six years China will have posted single-digit growth. With many economists now claiming 2009 will be worse than 2008, worldwide, this slowed growth trend isn't likely to be reveresed this year or perhaps even in 2010.
Source: http://news.xinhuanet.com/english/2009-01/14/content_10658107.htm
However, given the global economic slowdown, analysts are predicting only single-digit growth for China in 2008. This would be the first time in six years China will have posted single-digit growth. With many economists now claiming 2009 will be worse than 2008, worldwide, this slowed growth trend isn't likely to be reveresed this year or perhaps even in 2010.
Source: http://news.xinhuanet.com/english/2009-01/14/content_10658107.htm
posted by ASWALD01 at 12:57 PM
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