NVDL: I have a feeling the rankings of economies and fortune 500 componies will need to be revised a few times over the next few months. The US for example is poised for a fall from the #1 perch as the World's Biggest Economy.
BEIJING – China's economy grew to the world's third-largest in 2007, new data showed Wednesday, another milestone in the country's stunning ascent in the global pecking order that puts it behind only Japan and the United States.
China has grown tenfold in the past 30 years, and the revised data leapfrogged it ahead of Germany. But overtaking the United States is another matter.
"I think it will take only three to four years for China to overtake Japan as the second-largest economy in the world," said Merrill Lynch economist Ting Lu. Catching up with the United States could take decades, he added.
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clipped from news.yahoo.com
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