China overtakes Japan to become the No 2 economy in the world next only to USA


As per China’s currency regulator Ji Gang as of July 2010 China’s GDP at $ 5365 billion exceeded Japan’s GDP of $ 5,273; the only other economy with higher GDP is USA with a GDP of $14,800. Ji Gang attributed the spectacular success to 30 years of consistent policies that started in 1978 and the resultant high growth; he also hopes that China will continue such growth and move to the world’s No 1 position by 2025!

China and India had comparable GDP ($ 300+ billion) in 90’s; today India’s GDP has just moved to $ 1,367 whereas Chinese GDP has notched to $ 5,365. Even by per capita China is way ahead of India

I do hope that younger generation of Indians will take a cue from China and work towards a much higher growth and also work towards inclusive growth. Thanks to high growth China has pushed hundreds of millions of its people above poverty level; India should not lag behind; we have the largest number of poor and extremely poor people on the planet!

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One Response to “China overtakes Japan to become the No 2 economy in the world next only to USA”

  1. ssemergic Says:

    Thanks Veera

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