China will overtake Japan
Tuesday, October 20, 2009 at 1:34 pm
BEIJING: Latest news and views about China and Japan, China will overtake Japan to become the second largest economy in the next two years, giving Beijing greater clout on the world stage and boosting the ruling Communists’ stature at home, analysts say.
Figures to be released this week in Beijing are expected to show the economy expanded 9.5 percent in the third quarter, further narrowing the gap with Japan, which may only post one percent growth for the period, economists forecast.
China is expected to unseat its Asian rival from the position it has held for more than 40 years in 2010 or 2011, though analysts say the shift in the global economic hierarchy will be largely symbolic with little impact on trade.
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