Thursday, August 26, 2010

China is expected to surpass Japan this year


China is expected to surpass Japan this year as the world's second-largest economy, an unprecedented position for a still-developing country and one that has brought strains as well as triumphs. Second-quarter GDP figures from Japan reported Monday morning show that its economic output, at $1.288 trillion, fell short of the $1.339 trillion China reported for the three months ended in June. That suggests that China is likely to pass Japan once and for all this year. China's output has topped Japan's before, in the last quarter of the year, when the Chinese economy tends to run hotter for seasonal reasons. Outpacing Japan in an early quarter is seen as a good indication that China has the momentum to zip past Japan for the full year.

My opinion

I am proud of my motherland. Many years ago, China is a backward country. The civil was hungry and poor. Many people immigrate to other countries. Today, many people still think China is a low development country. For example, there are many foreigner have ever asked me if many Chinese do not have enough food and cloth. Actually, china has developed very well. Except Shanghai and Beijing, most of cities are also very beautiful and improved. In contrast, China still is a third world county, has a widening gap between rich and poor. I do not understand business, but I think China is more and more strong.

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