China Replaces Japan As Second Largest Economy In World

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China Replaces Japan As Second Largest Economy In World

Post by Janey on Mon Feb 14, 2011 2:51 am

China has overtaken Japan as the world's second-biggest economy.

Japan's economy was worth $5.474 trillion (£3.414 trillion) at the end of 2010, figures from Tokyo have shown. China's economy was closer to $5.8 trillion in the same period.

Japan has been hit by a drop in exports and consumer demand, while China has enjoyed a manufacturing boom.

http://www.bbc.co.uk/news/business-12427321


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Re: China Replaces Japan As Second Largest Economy In World

Post by Paddy on Mon Feb 14, 2011 7:28 pm

Yes and they only passed Germany about 1.5 year ago.

Some thing to watch.
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Re: China Replaces Japan As Second Largest Economy In World

Post by Strawberry on Mon Feb 14, 2011 9:18 pm

Paddy wrote:Yes and they only passed Germany about 1.5 year ago.

Some thing to watch.

I think the US are a tad worried
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