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Now that's some growth and development

The Australian Financial Review's correspondent in China is leaving after having reported from there since 2004.

She records some rather startling facts - which clearly show the astounding growth and development of China in the last 7 years since she first arrived.

  • the economy has doubled
  • in 2004 GMP was 15.9 trillion yuan. In 2010, 39.8 trillion yuan
  • in US dollar terms China's GDP has actually tripled over the last 7 years from US$1.93 trillion to just over US$6 trillion today
  • in 2004 China was the 7th largest economy in the world, having slipped past Italy to qualify for 6th position
  • today China is the second-largest economy in the world having just beaten Japan to #2 spot.

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