[extropy-chat] China now No 4

[Dirk Bruere]

http://news.bbc.co.uk/1/hi/business/4541220.stm

"...That extra growth would place China's economy as the world's fourth
biggest, behind the US, Japan and Germany.

China has been benefiting from strong exports and improving domestic demand.


It also has been accused of undervaluing its currency in an effort to boost
foreign sales.

The Organisation for Economic Cooperation and Development (OECD) said last
month that domestic demand would improve between 2006 and 2007 and that
China would increase its share of global trade.
The OECD expects the Chinese economy to grow by 9.3% in 2005, rising
to 9.4%next year and
9.5% in 2007."
_________

Based on such growth China is likely to reach economic parity with the US
within 5yrs if measured by Purchasing Power Parity.

Dirk
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://lists.extropy.org/pipermail/extropy-chat/attachments/20051220/e40fdd0e/attachment.html>