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GDP revision seen 17.5% up

China is expected to have its GDP go up by 17.5% or by US$300 billion, according to AFP, after the country's first economic census. Standard Chartered economist Stephen Green said the 2005 survey had "apparently found another [US$296 billion] worth of output", which makes China's 2004 economy the fourth-largest worldwide, overtaking Italy, France and the UK. The National Bureau of Statistics is expected to announce official results December 20. Some analysts were skeptical of the accuracy of the increase, warning that authorities may be looking to preserve optimism in its economy by obscuring the high proportion of foreign investment in China's GDP.

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