China overtook Japan in 2010 and is now world's second-largest economy
For the first time in 42 years, China has now overtaken Japan (behind the US) to become the second biggest economy in the world. China's nominal GDP overtook Japan's by $400 billion last year. According to statistics published by the Japanese government, the country's GDP, evaluated in nominal terms over the course of 12 months, grew to $5,474.2 billion whilst Chinese GDP over the same period rose to $5,878.6. Five years...