China overtakes Germany as world’s third-largest economy

By DPA,

Beijing : China has taken Germany’s spot as the world’s third largest economy after the United States and Japan, statistics released Wednesday showed.

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Beijing’s national statistics office released corrected figures for the year 2007, revising the gross domestic product (GDP) growth upwards from 11.9 percent to 13 percent, the largest increase since 1993.

Total GDP figures were revised upwards by 777.6 billion yuan ($113.8 billion), or 3.1 percent, to 25.73 trillion yuan, thereby overtaking Germany’s output, experts said.