Has China shrunk?

By Kenneth E. Feltman
02/16/2008

China may be smaller than we thought. The Chinese economy is not a $10 trillion economy about to pass the United States, but a $6 trillion economy - 40 percent smaller than previously calculated. India's economy is 40 percent smaller, too. The figures are from a World Bank statistical report of the economic output of 146 countries. What does this mean?


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