Battle Royalepainting

Lantern Festival China, the world's second largest economy, but ... Documentary

New data on the Japanese economy have confirmed what we already knew last summer: China's economy is already the world's second largest, behind the United States.

Japan's economy fell 1.1 percent year on year in the last four months of 2010, the first contraction in five quarters, according to the Japanese Cabinet Office. Production of the Japanese economy was 5.47 billion dollars in 2010, compared with 6.03 billion from China.

China claimed the title of world's second economic power in August last year when its gross domestic product (GDP) exceeded Japan in the second quarter of the year. Japan had been only the second world economy since 1968.

With a stable and sustained growth and a jump of 9.8 percent in the fourth quarter, China continues to strengthen its position. In the whole of 2010, China's economy expanded 10.3 percent year on year.

However, China remains a developing country, reaffirmed by the Minister of Commerce Chen Deming said last month in Davos. According

International Monetary Fund (IMF), China's per capita GDP was $ 4,283 in 2010, ranks 95 in world rankings. By contrast, GDP per capita of Japan was $ 42,325, ten times that of China.

Japanese Economy Minister Kaoru Yosano, described the expansion of China's economy as "important" for the Asia-Pacific region and hoped that economic ties between the two countries deepen, as China is now the major partner Japan's trade and an important source of growth for companies Nipponese, as quoted by the official agency China's Xinhua.

"We do not compete to win positions in the rankings, but to improve the lives of our citizens," Yosano said. "We welcomed the growth of China's economy as a neighboring country that is" he said. Li

Daokui, academic advisor of the Central Bank of China and director of the Center on China in the World Economy at Tsinghua University, said China should maintain a low profile about his new position in the ranks and continue to focus on development to improve living conditions of people.

"Certainly it is a milestone for China," Li said, "but we need to know clearly the truth that lies behind the laurels: GDP per capita remains very low. "

According to Li, the rise in the rankings may even disturb the development of China, as some countries would begin to harbor fears about the rise of the country and see it as a threat, "he says.

economists believe the slowdown in demand from emerging economies, particularly in Asia, along with a strong Japanese currency, the yen has reached its peak in 15 years against the U.S. dollar, have had great weight Nipponese on exports.

Analysts and government officials han predicho que, a pesar de ello, Japón continuará en una vía de crecimiento durante el primer cuatrimestre del año 2011. Algunos analistas, incluyendo el Banco Mundial y Goldman Sachs, predicen que la economía china podría superar a la estadounidense ya en 2025.