china overtakes japan

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

A China expert explains that overtaking Japan doesn't alter 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.