China surpasses Germany GDP
Analysts in Beijing have reportedly said that China revised upwards its 2007 growth figures indicating the Asian giant overtook Germany as the world's third largest economy. China's economy expanded by 13.0 per cent in 2007, up from a previous calculation of 11.9 per cent, the National Bureau of Statistics said. The economy was worth 25.7 trillion Yuan in 2007, or about US$ 3.5 trillion based on the exchange rate at the end of that year. At market exchange rates, China in 2007 was the third largest behind the United States and Japan, as IMF resident representative is quoted to have said.
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