China Overtakes Japan as World's Second-Largest Economy

Before you go, we thought you'd like these...
Before you go close icon
China overtook Japan as the world's second-largest economy as the recovery in some of the major economies looks increasingly shaky.

Japan's gross domestic product grew just 0.4% in the second quarter, the Associated Press reported. The figure suggests that China's economy, which is expected to grow by 10% this year versus Japan's rate of 2%-3%, will be larger at the end of 2010.

Japan's nominal GDP, not adjusted for price and seasonal variations, was $1.268 trillion in the second quarter, while China's was $1.335 trillion. Japan has held the position of world's second-largest economy since 1968, when it pulled ahead of West Germany.
Read Full Story


S&P 500 2,358.57 16.98 0.73%
DJIA 20,701.50 150.52 0.73%
NASDAQ 5,875.14 34.77 0.60%
DAX 12,149.42 153.35 1.28%
NIKKEI 225 19,202.87 217.28 1.14%
HANG SENG 24,345.87 152.17 0.63%
USD (per EUR) 1.08 0.00 -0.43%
USD (per CHF) 0.99 0.01 0.67%
JPY (per USD) 111.08 0.31 0.28%
GBP (per USD) 1.25 -0.01 -0.80%

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners