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China Becomes Second Biggest World Economy
(cnbc.com)
China has overtaken Japan to become the world's second-largest economy, the fruit of three decades of rapid growth that has lifted hundreds of millions of people out of poverty.Depending on how fast its exchange rate rises, China is on course to overtake the United States and vault into the No.1 spot sometime around 2025, according to projections by the World Bank, Goldman Sachs and others.China came close to surpassing Japan in 2009 and the disclosure by a senior official that it had now done...
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In for this article:
Tag:
Business_Finance,
Japan,
Rockefeller Center,
Goldman Sachs,
Exchange rate,
YES Network,
Economics,
Business,
Finance,
Continent:
America,
Organization:
World Bank,
State Administration of Foreign Exchange,
Currency:
USD,
Company:
Goldman Sachs,
Country:
United States,
Japan,
China,
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