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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.

According…

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