Article: China moves to world’s No.2 economy as Japan’s GDP shrinks

Recently, Japan’s GDP rate has been decreasing and in 2010 China ranked up to No.2 while Japan dropped down to No.3, after keeping its position at No.2 for 42 years. Japan’s nominal GDP was ¥429.223 trillion ($US5.474 trillion), and they were falling behind the US by about $US6 trillion. However, although their place was taken by China, the GDP itself for the full year expanded by 3.9% in 2010. And also, China’s increase in GDP is built up by Japan as their export to China was ¥13.087 trillion in 2010. In 2011, help from the growing economy of China and the pick-up of the US is expected to bring up Japan’s economy.

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This entry was posted in Economics, Section 3. Bookmark the permalink.

2 Responses to Article: China moves to world’s No.2 economy as Japan’s GDP shrinks

  1. Peter Anthony says:

    As you have noticed Japan should see the rise of China a great economic opportunity.

  2. Pingback: Article: China moves to world’s No.2 economy as Japan’s GDP shrinks (via Kanako’s Blog) « Serina's Economics Blog

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