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News and information about loans, money, debt, finance and business issues.

Monday, August 16, 2010

China Rising

China has now overtaken Japan as the world's second largest economy, as per data relating to Q2 2010.

Japan's GDP for that period was $1.288 trillion, whilst China's was $1.337 trillion.

According to Goldman Sachs, China will overtake the USA as the world's largest economy by 2027.

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