China now world’s second-largest economy, says PBoC’s Yi

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China has overtaken Japan as the second largest economy in the world, Yi Gang, a vice governor of the People's Bank of China and the head of the State Administration of Foreign Exchange (Safe), said on Monday.

People's Daily, a state-owned newspaper, reported Yi in an interview with China Reform magazine posted on the State Administration of Foreign Exchange website as saying: "China, in fact, is now already the world's second-largest economy." It was unclear what Yi was referring to as his sour

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