1. That Blur? It's China, Moving Up In the Pack.
- Author
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Barboza, David and Altman, Daniel
- Subjects
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ECONOMIC activity , *GROSS domestic product , *ECONOMIC indicators , *BUSINESS cycles , *ECONOMIC forecasting , *FINANCE ,ECONOMIC conditions in China, 2000- - Abstract
The article notes that new figures indicate that China is the world's fourth-largest economy, following the announcement that its economy is considerably bigger than previously estimated. Economists and experts are rethinking their assessment of China's rise and its international role. The new figures offer a more expansive view of economic activity. Some say that China could overtake the U.S. by 2035. China revised its economic data after a nationwide census uncovered billions of dollars in hidden economic output in 2004. China's gross domestic product for 2004 is estimated at nearly two trillion dollars.
- Published
- 2005