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China Has Officially Become The World'S Second Largest Economy.

2011/2/15 9:43:00 64

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Japan's Cabinet Office released data on 14 th, 2010, Japan's nominal domestic

Gross domestic product

(GDP) equivalent to US $5 trillion and 474 billion 200 million, less than US $400 billion in nominal GDP in China, and for the first time since 1968, "second".

Economics

The great power.

However, China's per capita GDP is still only 1/10 of Japan, and it is still a developing country.

The phrase "Japan China reversal" has been reported frequently in Japan since the beginning of last year.

When China announced the nominal GDP data in 2010 of January this year, the "Japan China reversal" is basically a foregone conclusion.

The data released by Japan yesterday is nothing more than a formal confirmation of an established fact.

However, the world's second largest economy is not equal to the second largest economy per capita, nor is it the second largest economic power.

As far as China is concerned, the other side of the "second largest economic power" is that the per capita GDP is still only 1/10 of that of Japan, and it is still a developing country in line with international standards.

At the same time of rapid economic growth, we need to further improve the quality of economic development, so that the economic results will benefit the broad masses of the people and solve the dilemma of economic development and environmental protection.

Experts from the Academy of Social Sciences pointed out that the development of China's economy has turned to a turning point, and it is more urgent to change the way of development.

To change the "big and not strong" situation of China's economy, "adjusting and reforming the existing income distribution structure is the breakthrough of the pformation of the mode of economic development".

As far as Japan is concerned, it should be realized that the overall background of China's GDP surpassing Japan is the economic pattern of "Sino Japanese win win".

China is not only the production base of many Japanese enterprises, but also becoming the most important overseas commodity of Japan.

market

One of.

Japan's trade data released in 2010 showed that the Chinese market accounted for about 30% of Japan's total exports.

Nissan and Honda sold more in the Chinese market last year than the Japanese domestic market.

Japan's Trade Promotion Agency figures show that Japan's trade surplus with China reached 2 trillion and 100 billion yen last year, taking into account the commodities entering the Chinese market through a third country or region.

Therefore, the importance of the Chinese market to Japan is self-evident.

Even Kaoru Yosano, Minister of economic and financial affairs of Japan, welcomed the vigorous development of China's economy. It believed that this provided an important basis for East Asia's economy, including Japan.