Data show China overtook Japan as the world's 2nd largest economy

Japan today released GDP data two quarter of the economy has fallen behind China's China super Japan into the world's second largest economy, Japan's cabinet, 16th, the figures show that the two quarter of Japan's real GDP in the U.S. dollar as 1.288 trillion, the chain growth of 0.1%, at an annual rate of growth of 0.4%, weaker than expected　　China has previously released economic data for the first half of this year, with two quarters of gross domestic product 1.339 trillion in dollar terms and Japan's economy falling behind China's. On a quarterly basis, China's GDP actually overtook Japan in the fourth quarter of last year, but because it was already year-end and the economy was overheating, there were seasonal factors. As a result, China's economy has been less than $5 trillion trillion throughout the 2009, while Japan has just over 5 trillion dollars. But analysts believe that the current China's economy after macro-control has taken the initiative to come down, and from the quarter than Japan appeared in the earlier two quarters, the year beyond Japan has become a foregone conclusion. But even surpassing Japan as the world's second-largest economy, the US is still a long way from the country's largest economy, which is about $15 trillion trillion, 3 times times the size of China's.　　Even if China continues to grow at the pace it is now, it will take 10 years or so to catch up with the US, and whether the pace is sustainable is a big problem. "This is a milestone for the global economy," said Brousse Kasman, chief economist at JPMorgan Chase, a milestone for China to overtake Japan as the world's second-largest economy. What is impressive is that China can still sustain rapid economic growth in a time when it is quite difficult for many countries.　　"China's rapid pace of economic growth is surprising, about 10 years ago, China was the world's seventh-largest economy, overtook Germany as the world's third in 2007 and surpassed Japan this year." In Tokyo, Japan, the general public can directly feel the change in the economic power of comparison.　　Some taxi drivers say they have often been able to pull some Chinese tourists, while the Japanese are getting fewer taxis because of the bad economy. Of course, the criteria for ranking different economies will come to different conclusions. China's economy will surpass Japan's in dollar terms this year, but if it is purchasing power, China has already overtaken Japan as the world's second largest. On a per capita basis, China is only 1/10 of Japan's, and China's population is 10 times times the size of Japan's, and the total is just over. (Reporter Wang Xingdong)