China gains momentum in race to overtake US economy


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A security personnel member stands guard in front of a construction site of Beijing Winter Olympic and Paralympic Village. © Reuters IORI KAWATE, Nikkei staff writer March 1, 2021 04:32 JST | China Copy Copied BEIJING -- China's economy surged closer to its American rival last year, achieving nominal gross domestic product of $14.73 trillion -- more than 70% that of the U.S., data released Sunday by the National Bureau of Statistics in Beijing shows. The Asian country's economy grew at 3% in dollar terms during 2020, based on an average exchange rate of 6.8974 yuan to the greenback. China...