Japan was China’s GDP ranking Shuaixia
Posted on | September 15, 2010 | No Comments
Chinese officials announced a few weeks ago when the Chinese economy has already surpassed Japan, the outside world that seems a bit premature. But the Cabinet Office on August 16 according to data released in Japan in the second quarter GDP was 1.288 trillion U.S. dollars, down from 1.337 trillion U.S. dollars in China over the same period.
Although the Cabinet Office Administrative Officer Keisuke Tsumura said so compared with the quarterly data is misleading to compare the 2010 data is more accurate justice overall. Undeniably, the Chinese economy than the Japanese almost certain. “The situation has reversed,” the words that for some time to become Japan’s major media headlines.
Japanese industry analysis, said the future of our economic recovery of the export slowdown, domestic demand and the lack of prospects of initiating agents, the future of the Japanese economy there is a big suspense.
This is from Japan over the then Federal Republic of Germany (West Germany) as the world’s second largest economy since the first time more than other countries.
Okasan Securities analysts believe the Bank of Japan may adopt new financial policies.
Last year, China surpassed the United States become the largest car market, more than Germany to become the largest exporter.
At present, China is the world’s largest importer of iron ore and copper, the second largest oil importer. China lead the world from last year’s recession recovery.
The outside world that China’s sustained economic growth and influence in the international arena has gradually increased, while Japan’s influence is in decline.
JP Morgan Chase in New York, Kasman, chief economist, said China’s super-Day would be “a milestone in the global economy.”