After United States, Japan and Germany remain the world's first-, second- and third-largest economies China surpasses Britain as number four
Media Release
Jul. 4, 2006

China has edged past Britain by the tiniest of margins to become the world's fourth-largest economy, the World Bank's latest calculations says.

The World Bank said that by its official measure China produced 2.263825 trillion US dollars in output in 2005, just 94 million dollars, or 0.004 per cent, more than Britain, China Daily reported. China comfortably overtook Britain last year based on each country's Gross Domestic Product converted into US dollars at current exchange rates. But the World Bank's widely watched ranking measures gross national income converted into dollars using the ''atlas'' method of currency conversion, which smoothes out exchange rate fluctuations by using a three-year average.

After United States, Japan and Germany remain the world's first-, second- and third-largest economies China surpasses Britain as number four
Media Release
The new figures provide good news for China as it suggests that the country's economy is healthier, more diversified and more capable of sustaining growth than previously believed.
READ MORE>>

After WTO talks failure India focuses on better Chinese relationship - India, China Parliaments sign first-ever MoU
Media Release
Opening a new avenue for enhancing mutual trust, Parliaments of India and China on Monday signed the first-ever agreement to regularise bilateral exchanges...
READ MORE>>

Learn a good lesson from your mistakes but do not run away from WTO talks : BJP tells Kamal Nath and his Congress Party
Media Release
The BJP cautioned against any impulsive reaction by India to pull out of WTO's mini- ministerial meeting
READ MORE>>

India finally learnt a lesson in World Trade Organization Doha talks
Harish Baliga
India cannot expect always to beg abd get and give nothing ever - Mr. Kamal Nath learnt a long due lesson ....
READ MORE>>

India could walk away from WTO talks in Geneva unless the US makes wider cuts on farm subsidies
Media Release
Indian Commerce Minister Kamal Nath said he would ring up (his) travel agent and get a flight home, leaving a key ministerial meeting of the World Trade Organization aimed at framing a global trade agreement...
READ MORE>>

India plans big trade with China through newly opened Nathu La pass the ancient silk route
Media Release
The Nathu La pass, which will open for border trade between India and China on July 6 after a gap of 44 years, may soon become an alternative to sea route ...
READ MORE>>

India has little natural gas but a lot of need - a major headache for Indian politicians and business leaders
Media Release
India does not rank in the top 20 of the world's greatest natural gas consumers yet, but that will soon change. Natural gas has experienced the fastest rate of increase of any fuel in India's primary energy supply.
READ MORE>>

After Europe Mittal will try in China and India - India will obstruct and lose face?
Media Release
The same India that pleaded to the world for Mittal to take over Arcelor may obstruct Mittal now in the land of India!
READ MORE>>

MORE ARTICLES >>