China Continues Rapid Economic Expansion
January 25, 2006
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January 25, 2006 – China has said their economy grew by a staggering 9.9 percent in 2005, likely pushing them past Britain, France and Italy to become the world’s fourth largest economy. Led by a surge in exports, China’s gross domestic product for 2005 was 18.23 trillion yuan ($2.26 trillion).
Given China’s surge in exports, some analysts are saying there’s a strong possibility China actually played down their economic growth in order to avoid more pressure to alter their unfair trade practices.
Read the entire Associated Press article.
