Text Version
RSS Feeds
Home Forum Photos Features Newsletter Archive Employment
About US Help Site Map
SEARCH   About US FAQ Site Map Site News
  -Text Version
  -RSS Feeds
  -News Archive
  -Give us feedback
  -Voices of Readers
  -Online community
  -China Biz info
  What's new
China's GDP might overtake Germany this year
+ -
15:54, July 19, 2007

 Related News
 Economy grows at blistering pace
 China's rising consumption helps drive economic growth: official
 China's GDP grows 11.5 percent in first half year
 Unit by unit,energy use improving
 Hot money influx is 'cooling down'
 Comment  Tell A Friend
 Print Format  Save Article
China's Gross Domestic Product (GDP) might overtake Germany's this year, leaping to world third and only next to the United States and Japan, China Securities Journal quoted analysts as saying.

According to preliminarily verified statistics released last week by the State Statistics Bureau, China's GDP in 2006 hit 21.087 trillion yuan (about 2.70 trillion US dollars), only a step away from Germany's 2.30 trillion euros (about 2.86 trillion US dollars) that year.

The Bureau will publish macro-economic statistics of the first half of this year on July 19. China's GDP growth rate might stand between 11.1 and 11.5 percent, experts say, and that of Germany might be 2.8 percent upon optimistic estimations.

If the estimated growth rates continue throughout the year, China's GDP in 2007 will hit 23.428 trillion yuan at least, while Germany's 2.364 trillion euros at most. The German figure, if converted to RMB on one euro for 10.4198 yuan, would be 1.2 trillion yuan more than China's. However, it is still highly possible that China's GDP this year might overtake that of Germany considering the fact that the RMB devaluation against euro in the first half is but temporary.

By People's Daily Online

  Your Message:   Most Commented:
Ambassador reviews Germany-China relations
President Hu vows to remain committed to "one country, two systems" principle
CPC full of vigor and vitality
Roadside bomb blast kills 26 people in SW Pakistan
Chinese leader urges college united front members to make more contribution

|About Peopledaily.com.cn | Advertise on site | Contact us | Site map | Job offer|
Copyright by People's Daily Online, All Rights Reserved