China becomes the world's second largest economy

Japan's two-quarter GDP was $1.28 trillion trillion, while China's two-quarter GDP was $1.33 trillion trillion, according to figures released 16th by the Cabinet of Ministers. Japan's total economy has lagged behind China's.　　And given that Japan's quarterly GDP growth rate is only 0.4%, and the annual growth rate is expected to be lower, there should be no suspense about China's full-year GDP over Japan. About 10 years ago, China was the world's seventh-largest economy, overtaking Germany as the world's third and overtaking Japan this year.　　"China is actually the world's second-largest economy," Yi Gang, the deputy governor of the Chinese central bank, told reporters in an interview. China's economy, after decades of dazzling growth, overtook Japan as expected, and the world will re-examine China and adapt to dealing with the big economy in a new way.　　But if China is only 1/10 per capita, China's population is 10 times times the size of Japan's, and the total is just over. This section is from China Wide network, the News of the world when does the Chinese economy overtake the US and how long does it take for China to overtake the US as the world's first?　　On this issue, there are many versions circulating. Version 12,016: The average growth rate of China's economy has remained at 17%, with the renminbi appreciating 5% in the year. U.S. GDP in 2016 will be $21.69 trillion trillion, and China's GDP will reach 101.32 trillion yuan (RMB).　　China surpassed the US in the 1:4.64 exchange rate. Version 22,018 Year said: The U.S. economy real annual growth rate of 1.5%, annual inflation rate of 1%. The average annual real growth rate of China's economy is 8.5%, annual inflation rate is 2.8%. The annual appreciation of RMB is 4%.　　2018, U.S. GDP will grow to 17.73 trillion U.S. dollars, China's GDP will reach 17.8 trillion U.S. dollars.　　Version 32,035: China will GDP18 trillion dollars with the US in 2020, and China will overtake the US by 2035.　　To have a clear understanding of China's GDP as the world's second-largest economy, it needs a sobering understanding of the rankings. In terms of GDP per capita, China lags far behind the developed countries. China's GDP per capita was 3566 trillion last year, ranking 99th in the world, according to the International Monetary Fund's latest figures. And Japan ranked 16th in the world, GDP per capita is 39573 U.S. dollars, is China's more than 10 times times.　　According to the world's GDP8000 dollar per capita, China has only 45% of the world average. The Chinese people's wealth per capita is ranked in the world after hundreds.　　Therefore, we need to maintain a sober understanding and calm attitude, more rational view of the future direction of China's development. Yi Peng (Researcher, Institute of Human Capital, Peking University)