China About to Bump Japan as the No. 2 Economy
Even in the face of the global economic crisis, China's economy still managed to grow by a surprising 8.7 percent last year, according to the bean-counters in Beijing, putting the country on track to overtake Japan as the world's second-biggest economy.
Even in the face of the global economic crisis, China’s economy still managed to grow by a surprising 8.7 percent last year, according to the bean-counters in Beijing, putting the country on track to overtake Japan as the world’s second-biggest economy. –JCL
Rock Solid JournalismThe BBC:
China has said its economy expanded by 8.7% in 2009, exceeding even the government’s own initial expectations.
The pace of change increased as the year went on, with growth in the final quarter of 2009 increasing by 10.7% from the same period a year earlier.
China is now on course to overtake Japan and become the world’s second-biggest economy.
Japan announces its latest quarterly gross domestic product (GDP) figures next month.
In 2026, amid chaos and the nonstop flurry of headlines, Truthdig remains independent, fact-based and focused on exposing what power tries to hide.
Support Independent Journalism.
Dig Scape
A sonic exploration of the impact of cars and their overuse on the environment.
Editorial Cartoons
Labor
The first-of-its-kind victory at the Chattanooga Volkswagen factory proves autoworkers in the South are beginning to see the value in unionizing their place of work.
The offer includes "major gains" for workers who have been picketing at U.S. factories for a month, United Auto Workers officials say.
A bitter standoff over fuel efficiency has been threatening to unleash years of court fights and confusion in the U.S. auto industry.
You need to be a supporter to comment.
There are currently no responses to this article.
Be the first to respond.