China GDP

Why $4 a Gallon Gas Wouldn't Last Long

Not long ago, everyone knew gas was sure to reach $4 a gallon for regular on a nationwide basis soon. Now, though, that sure thing is looking iffy: Gas prices are wavering, and a number of factors at home and abroad are about to come together to push demand -- and prices -- lower.

As Japan Slips, China Moves Into Second Place

China has officially bumped Japan as the world's second largest economy. Japan reported its GDP grew only 1.8% last year to $5.47 trillion, while China's climbed 10.3% to $5.88 trillion.

China Now World's No. 2 Economy, Shares Surge

Investors piled into Chinese stocks after news broke that China's GDP surpassed Japan's for 2010, making the People's Republic the world's second largest economy after the U.S. The Shanghai Composite climbed 2.5% and in Hong Kong the Hang Seng gained 1.3%. In Japan the Nikkei 225 Index advanced 1.1%.

Chinese Spending Can't Save the World Economy

It's practically an article of faith in some economic circles that the households of fast-growing behemoths India and China will increasingly begin supporting not only their own economies, but those of the rest of the world as well. Don't count on it: Here's why.

Global Economy's Next Threat: China's Real Estate Bubble

After sagging in the global financial meltdown of 2008, property values in China's urban centers skyrocketed in 2009. Some economists believe Chinese real estate is now experiencing a bubble, and when that bubble pops, it could threaten the global economic recovery.