China's National Bureau of Statistics said the economy expanded by 13 per cent in 2007, a sharp increase from the 11.9 per cent growth rate the authorities had previously stated.
With only the US and Japan now larger than China, the new figures highlight the rapid transformation the Chinese economy has undergone during the past 30 years since Mao-era controls were eased, although the economy is now experiencing the toughest period in a decade as a result of the global financial crisis.
The fresh data will reinforce the case to give China and other large emerging economies a bigger role in global financial decision-making, even though China has been hesitant about taking on new responsibilities.
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