China overtakes Japan as world’s second largest economy
China has officially overtaken Japan as the world's second-largest economy.
Figures from the Japanese Cabinet Office out Monday showed that Japan's GDP for the three months to June was $1.29 trillion against China's $1.34 trillion.
China had long been expected to supersede Japan as the world's second-largest economy. The news follows comments by Yi Gang, a vice governor of the People's Bank of China and the head of the State Administration of Foreign Exchange (Safe), made earlier this month that
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