Date of this Version
October 13, 2010 in The China Beat http://www.thechinabeat.org/
On August 16, 2010, China reached yet another milestone in its decades-long breakneck run of economic development: it became the world’s second largest economy. According to official economic data, China surpassed a still-struggling Japan, leaving it behind only the United States in terms of overall economic size. Some analysts predicted that China could pass the US to become the world’s largest economy as early as 2030.