Business News

China Just Wiped Off GDP the Size of Ghana in Latest Revisions

(Bloomberg) — China revised down its official GDP growth rate for 2019 to 6% from 6.1%, mainly due to a lower estimate for manufacturing output, a change that will make it slightly easier for officials to report economic expansion this year.

Gross domestic product in 2019 was 435 billion yuan ($67 billion) smaller than the initial estimate released in January, China’s statistics bureau said Wednesday. That amount is roughly equal to the GDP of Ghana last year, based on World Bank figures.


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