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China 'is second largest' economy | China 'is second largest' economy |
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China says its economy grew by 8.7% in 2009, and by 10.7% in the final quarter of the year, compared with 2008. | China says its economy grew by 8.7% in 2009, and by 10.7% in the final quarter of the year, compared with 2008. |
Analysts say it is likely that China has now overtaken Japan as the world's second largest economy behind the US. | Analysts say it is likely that China has now overtaken Japan as the world's second largest economy behind the US. |
But they say currency fluctuations make it difficult to compare the two nations precisely, and some experts question the accuracy of China's figures. | But they say currency fluctuations make it difficult to compare the two nations precisely, and some experts question the accuracy of China's figures. |
Japan announces its latest GDP figures next month. Its economy is likely to have contracted by around 6% in 2009. | Japan announces its latest GDP figures next month. Its economy is likely to have contracted by around 6% in 2009. |
The announcement was made by China's National Bureau of Statistics (NBS). | The announcement was made by China's National Bureau of Statistics (NBS). |
The figures have exceeded the targets set by the Chinese government, the BBC's Chris Hogg in Shanghai says. | The figures have exceeded the targets set by the Chinese government, the BBC's Chris Hogg in Shanghai says. |
A government spokesman said China has recovered from the global downturn and was moving in the right direction. | |
China was hit by the world economic crisis during late 2008 and early 2009, but not as badly as other countries. | China was hit by the world economic crisis during late 2008 and early 2009, but not as badly as other countries. |
It recovered with the help of a massive government stimulus package. | It recovered with the help of a massive government stimulus package. |