Wednesday, January 20, 2010

China picks up a Silver Medal in the GDP race...

It looks like I may have to change my lesson on relative GDP's....China may have just surpassed Japan to become the SECOND largest economy in the world...
BBC::China says its economy expanded by 8.7% in 2009, likely leap-frogging Japan to become the world's second largest economy behind only the US.
However, caution is advised..
But analysts say currency fluctuations make it difficult to compare China and Japan, and some experts question the accuracy of China's figures.
It is inevitable that they will move into 2nd place by the end of the year.  Is this something we should  worry about? Should we perceive this as a problem or as an opportunity?
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