» 07/04/2006 10:32 China China outstrips Great Britain to become world's fourth-largest economy
According to the World Bank, last year the Chinese economy produced more than two trillion US dollars in output. It has surpassed the United Kingdom by 0.004 %.
Beijing (AsiaNews/Agencies) - China has surpassed Great Britain to become the world's fourth – largest economy, according to the World Bank.
Official data released by the Bank revealed that the Chinese nation produced more than US.263825 trillion in output, US million - or 0.004% - more than Britain.
Some analysts claimed China had already attained such a result last year, based on Gross Domestic Product converted into American dollars at the rate of exchange valid when the Stock Exchange closed. But the World Bank classifies national production on the basis of American dollars converted by the "Atlas" method, which does away with the problem of fluctuations in currencies by using a three-year-average for all monetary conversions.
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