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| Thursday, November 20, 2008 23:52:22 |
World Bank revises China’s GDP down
The World Bank admitted Monday it had previously overestimated the size of China’s economy by as much as 40% based on purchasing power parity (PPP) but said it remained the world’s second largest, the China Securities Journal reported. In a report ranking the world’s economies in 2005 using PPP, which strips out the effect of exchange rates, the bank said more extensive ...
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