Advertisement

Help
You are here: Rediff Home » India » Business » Slide Shows » Photos
Search:  Rediff.com The Web
Japan
  Email  |    Discuss  |   Get latest news on your desktop

Back Next

World's top 10 economies

January 23, 2009

China

China has steered ahead of Germany as the world's third largest economy after the United States and Japan.

It saw a GDP growth rate of 13 per cent in 2007. China revised the growth rate of its gross domestic product (GDP) for 2007 to 13 per cent from 11.9 per cent, the National Bureau of Statistics (NBS) said.

The pace was the fastest since 1994 when the GDP expanded by 13.1 per cent, according to the NBS data.

Final verification showed the GDP totaled $3.76 trillion.

However, the recession has taken a toll on the economy. The growth in manufacturing has fallen sharply in the fourth quarter.

The GDP growth in the fourth dropped to 6.8 per cent, pulling down the full year growth down to 9 per cent from 13 per cent in 2007.

Also read: An engineer from IIT, now a farmer
Back Next

Live updates on money.rediff.com
© 2009 Rediff.com India Limited. All Rights Reserved.Disclaimer | Feedback