Japanese officials say China's GDP will overtake Japan this year or next

BCC network Beijing June 24 News (reporter Feng Ya) According to the Voice of China, "Yang News" 17:05 report, Japan will end its second position in the world economy, which will overtake Japan this year or next year if China's economic growth exceeds expectations and Japan's economy continues to deteriorate, according to a report released recently by the Japanese government.　　Japan will end its second position in the world economy, which will overtake Japan this year or next year if China's economy grows more than expected and Japan's economy continues to deteriorate, according to an annual report by China's GDP, which will surpass Japan's economic and industrial province over the weekend, the official report said.　　Japan's Ministry of Economy and Industry acknowledged in its report that it was the first time Japan was in a position to be pursued and surpassed, and called for rethinking Japan's role in the world economy and not being mired in protectionism. 2008, China and Japan's GDP were 4.4 trillion U.S. dollars and 4.9 trillion U.S. dollars respectively. Even if China's GDP grew by only 6.5% in 09, according to the International Monetary Fund, China's GDP would reach $4.68 trillion trillion, while Japan's 09-year GDP growth rate could be 6.2% and Japan's GDP would be $4.62 trillion trillion.　　Slightly less than China. But many economists believe the so-called "China's gross domestic product overtakes Japan" should be viewed calmly, while China's gross domestic product is close to Japan's, but Japan's GDP per capita is nearly 13 times times higher than China's.　　There is no point in comparing GDP. China's GDP growth and current economic situation in the first place, if China's GDP growth reaches 8% in the two quarter, it is certainly a very encouraging thing to say that our economy has bottomed out.　　Will undoubtedly greatly increase the strength and confidence in resisting the international financial crisis. But, in addition, when we look at the economic situation, GDP or economic growth is not so important, and there may be a lot of things behind the growth rate that we should pay more attention to. The reason why we are afraid of economic growth is that the decline will cause a lot of unemployment. As far as our country is concerned, only when our GDP growth rate reaches 8%, can we create the basic suitable jobs to meet the social needs, that is to say, GDP growth of 8% is a bottom line, low GDP growth will not benefit our full employment, high unemployment will bring some pressure to social stability. But in terms of economic and employment, employment recovery is much slower than economic recovery, and it can be 29 months slower than recovery in the longest. Therefore, we should pay more attention to employment while focusing on GDP.　　It may be more meaningful to try to create more jobs by investing or boosting domestic demand than by simply pursuing GDP growth. In addition, from the perspective of macroeconomics, economic growth can be divided into investment-type growth and consumption-type growth, we tend to see investment-type economic growth, because it is quick, after the economic downturn,The general government will immediately adopt government investment to stimulate economic growth, in a short time, this way can produce immediate results. But if the capacity of investment brings no one to consume, the negative effect of overcapacity on economic growth can not be neglected. Including the National Bureau of Statistics experts Guo yesterday in his article, also mentioned that overcapacity will directly lead to some enterprises underemployment, increased competition, product prices fell, ultimately affect the company's investment will, drag the industry and even the entire national economy rebound. Overcapacity will also increase the industry's difficulties in production and management, increase losses in the loss of enterprises, resulting in low overall corporate efficiency. Therefore, at present, we are encouraged by the acceleration of GDP growth and the bottom up of the economy, on the other hand, we also need to improve the way of economic growth, rely on domestic demand to pull, rather than investment, we can not put too much hope in the external need to warmer.