China may overtake the United States to become leading producer of manufactured goods in next five to seven years says OECD
Feb 3rd, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
With the help of massive government stimulus action, China is now leading the world economy out of recession, according to a new report from the Paris-based Organisation for Economic Cooperation and Development, published on Tuesday. Already the world’s second largest economy, the think-tank for 31 mainly developed country governments, says China could well overtake the United States to become the leading producer of manufactured goods in the next five to seven years.