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Thread: Will China's GDP exceed Germany this year?
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[quote=JIMMYB,252257]According to the statistics released by the NBS, China's GDP has increased about 11.5% compared with the same period in last year in the first three quarters, reaching 16.6 trillion yuan. The World estimates that China's annual GDP will increase 11.3%, reaching 23.5 trillion yuan (3.14 trillion dollars). Compared with China, Germany's economy increases stably, about 2.5%. According to this, Germany's annual GDP will be below 3 trillion dollars. But the Euro's exchange rate against dollar has increased about 7%. Thus, Germany's annual GDP will be above 3.1 trillion dollars. Making a comparison between China and Germany, you will notice that the GDP is almost the same now. If China's economy could keep its momentum in the fourth quarter, its GDP will exceed Germany. Do you believe China will exceed Germany at the end of this year? How do you view China's economic development in recent years? Is it a bubble or not?[/quote]
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