Wednesday, December 21, 2005

That Blur? It's China, Moving Up in the Pack - New York Times

That Blur? It's China, Moving Up in the Pack - New York Times: "SHANGHAI, Dec. 20 - Many economists have long suspected that official government statistics here provided only a shadow of reality.

With China's announcement on Tuesday that its economy was considerably bigger than previously estimated, economists and financial prognosticators are scrambling to rethink their assessment of China's rise and its role on the world stage. China's new figures suggest that it probably has passed France, Italy and Britain to become the world's fourth-largest economy.",

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