china overtakes japan

Now the No. 2 Economy, What's Ahead for China?

According to one China expert, overtaking Japan as the world's second-largest economy doesn't change the underlying economic issues China must resolve, but it does cement changes that have been rapidly making China a far more important player on the global stage

China Overtakes Japan as World's Second-Largest Economy

Japan's nominal GDP, not adjusted for price and seasonal variations, was $1.268 trillion in the second quarter, while China's was $1.335 trillion. Japan%u2019s gross domestic product grew just 0.4% in the second quarter, The Associated Press reported. The figure suggests that China%u2019s economy, which is expected to grow by 10% this year versus Japan%u2019s rate of 2%-3%, will be larger at the end of 2010.