The United States Bureau of Economic Statistics estimates the current-dollar GDP — the market value of the nation’s output of goods and services — increased 3.5 percent, or $129.0 billion, in the second quarter to a level of $14,996.8 billion. In the first quarter, current-dollar GDP increased 3.1 percent, or $112.8 billion.
China raised its economic growth estimate for 2010 to 10.4 percent from 10.3 percent. Nominal GDP was revised to 40.1 trillion yuan ($6.27 trillion) from 39.8 trillion yuan, the (China) National Bureau of Statistics said.
China’s gross domestic product (GDP) rose by 9.5 percent year-on-year in the second quarter of 2011, tapering off slightly from the 9.7-percent growth posted in the first quarter and 9.8 percent in the fourth quarter of last year.
China probably had 3% (half of 6% per year inflation) in the first half of the year.
China had 4.8% GDP growth in the first half of the year.
43.26 trillion yuan at the end of the first half of 2011. 6.38 exchange rate.
$6.78 trillion economy for China. Adding in Hong Kong and Macau would be $7 trillion mid-2011.
China is on track to $7.3 trillion at the end of 2011 and $7.5 trillion including Hong Kong and Macau.
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