Filed under: International Markets, Competitive Strategy, Economic Data, Politics, Headline News
In the race of economies, China is now number two. It passed Japan and will most likely stay there for the rest of the year. China's economy is valued at $1.33 trillion beating Japan's $1.28 trillion.
So, you say, what's the big deal? The big deal is that China is now the powerhouse in the East, while the US remains the leader in the West. China can use its clout to increase trading with nearby countries in the East. The number two slot is important because China beat out the European Union, even its biggest exporter, Germany. So we can say that China has moved westward.
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China's Economy Second Largest In World Now originally appeared on BloggingStocks on Mon, 16 Aug 2010 17:30:00 EST. Please see our terms for use of feeds.
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China - Japan - Germany - Economy of the People's Republic of China - United States