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Guardian: China has leapfrogged Japan to become the world's second-largest economy, a title Japan has held for more than 40 years.
While Japan grew 3.9% last year – its first annual growth in three years – this was not enough to hold off China's booming economy. Japan's nominal GDP was $5.4742tn (£3.4tn) in 2010, less than China's total of $5.8786tn, according to official data released by Japan.
But, despite Japan's displacement from second slot, its leadership welcomed the figures as a boost to Asia......
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China: China overtakes Japan as world’s second-largest economy
Posted by Guardian: Justin McCurry and Julia Kollewe on February 15th, 2011
Posted in Water Conservation