CHINA MAY TOP JAPAN AS WORLD'S SECOND-LARGEST ECONOMY
Si Tingting and Fu Jing
China Daily, March 10, 2009
China is likely to overtake Japan to become the world's second largest economy, either this year or by 2010, a research paper issued recently by the China Policy Institute of the University of Nottingham (UK) has revealed.
Yao Shujie, an author of the research paper, had said two years ago that China would become the No 2 in the world's economic pecking order in 2018.
Right now, we don't have figures for Japan's GDP in 2008, but I think China may have already overtaken Japan last year," Yao told China Daily in a telephonic interview yesterday.
Based on the World Bank and IMF's figures on China and Japan's 2007 GDP and output growth rate of 2008, Yao estimated China and Japan's GDP would reach $4.42 and 4.68 trillion in 2008, respectively.
Yao's research has revealed that the US, Japan, Germany and the UK are not likely to recover to their 2007 output levels until 2011 or 2012, but China is expected to expand at 7 to 8 percent this year.
Si Tingting and Fu Jing
China Daily, March 10, 2009
China is likely to overtake Japan to become the world's second largest economy, either this year or by 2010, a research paper issued recently by the China Policy Institute of the University of Nottingham (UK) has revealed.
Yao Shujie, an author of the research paper, had said two years ago that China would become the No 2 in the world's economic pecking order in 2018.
Right now, we don't have figures for Japan's GDP in 2008, but I think China may have already overtaken Japan last year," Yao told China Daily in a telephonic interview yesterday.
Based on the World Bank and IMF's figures on China and Japan's 2007 GDP and output growth rate of 2008, Yao estimated China and Japan's GDP would reach $4.42 and 4.68 trillion in 2008, respectively.
Yao's research has revealed that the US, Japan, Germany and the UK are not likely to recover to their 2007 output levels until 2011 or 2012, but China is expected to expand at 7 to 8 percent this year.
(...) [artículo aquí]
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