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Economy

China gains momentum in race to overtake US economy

Beijing's quick pandemic response gives an edge, as GDP reaches 70% of America's

A security personnel member stands guard in front of a construction site of Beijing Winter Olympic and Paralympic Village.   © Reuters

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.

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