Monday 16 August 2010

China Overtakes Japan as No. 2 Economy

Time
"..The figures underscore China's emergnce as an economic power that is changing everything from the global balance of military and financial power to how cars are designed. It is already the biggest exporter, auto buyer and steel producer, and its worldwide influence is growing.China has surpassed Japan in quarterly GDP figures before but its passing of Japan in the second quarter is likely to mark the period in which the lead became insurmountable."

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