China Raises Estimate of Size of Economy

December 16, 2014 9:15 AM

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China has raised its estimate of last year's gross domestic product, possibly moving closer to passing the United States as the biggest economy.

The government said Tuesday official economic output will be raised by 3 percent. Based on previously reported data, that would make 2013's economic output about $9.6 trillion or just under two-thirds of U.S. output of $16.8 trillion.

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