China's second-quarter GDP first over Japan into the world's second-largest economy

China has surpassed Japan in GDP, but its per capita income is only 3800 dollars, which is still far from the US and Japan. People pictures China overtook Japan as the world's second-largest economy in the second quarter of 2010, according to the New York Times. Japanese officials confirmed the news. Japan's GDP in the second quarter was $1.28 trillion trillion, while China's two-quarter GDP was 1.33 trillion dollars.　　Given that Japan's quarterly GDP growth rate is only 0.4%, and the annual growth rate is expected to be lower, there is no suspense that China's full-year GDP exceeds Japan's. China's annual GDP exceeds Japan's suspense according to the New York Times, China's economy, after decades of dazzling development, finally overtook Japan as the world's second-largest economy in the second quarter of this year, a milestone in China's economic development.　　The Daily Mail website exclaimed, "How long can America hold the dragon?"　　China's economy overtook Japan as expected, but it has made people feel shaken by the fact that the world will re-examine China and adapt to dealing with the economic superpower in a new way. Japanese officials confirmed the news. Japan's GDP in the second quarter was $1.28 trillion trillion, while China's two-quarter GDP was 1.33 trillion dollars.　　Given that Japan's quarterly GDP growth rate is only 0.4%, and the annual growth rate is expected to be lower, it should be no suspense that China's full-year GDP exceeds that of Japan. Japanese government officials said Japan's gross domestic product was 2.578 trillion trillion in the first half of 2010, compared with China's $2.532 trillion trillion.　　China cannot overtake Japan as the world's second-largest economy. Analysts say China's economy will almost certainly overtake Japan at the end of this year as China's growth rate is much higher than Japan's.　　China's economy is growing at around 10% a year, and Japan's economy is expected to grow by 3% this year.　　China is now the world's largest exporter, auto consumer and steel producer, and its international influence is growing. Experts believe that after overtaking Germany, France and Britain, and now overtaking Japan, the next target for China's economy is the United States.　　By 2030, China's economy will overtake the US as the world's largest economy, according to optimistic forecasts. Japan's economic growth slowed sharply in the two quarter, according to preliminary data released 16th by Japan's Cabinet Office, which showed a 0.1% per cent growth in Japan's GDP in the second quarter, with a 0.4% increase at an annualised rate, after the price changes were removed and seasonally adjusted.　　This is the Japanese economy for 3 consecutive quarters of positive growth, but the growth rate compared with the first two quarters a sharp slowdown.　　In the second quarter, the contribution of external demand and domestic demand to Japan's GDP was 0.3% and minus 0.2% respectively, according to the data. Among the major projects that make up domestic demand, household consumer spending has changed from 0.5% to zero in the last quarter, private residential investment has shifted from 0.3% to 1.3%, and private-sector investment in equipment has increased from 0.6% in the last quarter.By 0.5%, government consumer spending has also fallen from 0.6% in the previous quarter to 0.2%, leading to a shift in domestic demand for GDP from 0.5% to minus 0.2% from the previous quarter. In the second quarter, Japan's exports actually increased by 5.9% per cent, a slowdown from 7% in the previous quarter. Imports actually increased by 4.3% per cent, up from 3% in the previous quarter.　　The contribution of external demand to GDP shrank from positive 0.6% in the previous quarter to just 0.3%.　　The above shows that external demand is still the main driving force for Japan's economic growth, some of the stimulus measures to boost domestic consumption have ended, personal consumption has slowed, and Japan's growth has declined. Statistics also show that in the 2009 fiscal year (April 2009-March 2010), Japan's real GDP growth rate of 1.9%, which is the country's real GDP in 2008 fiscal year 3.7% negative growth, the second consecutive year of negative growth.