Friday, August 20, 2010

China's Economy Overtakes Japan

VOAVideo: China's Economy Overtakes Japan

China has overtaken Japan to become the world's second largest economy. New figures released Monday show Chinese economic output, as measured by Gross Domestic Product (GDP), reached $1.337 trillion in the second quarter of 2010, compared to 1.288 trillion for Japan. As Mil Arcega reports, the end of Japan's reign as the second largest economy, behind the United States, underscores China's rapidly growing clout as an economic superpower.