Monday, 14 February 2011

BBC News of The Day: China overtakes Japan

By the mid 1990s China was well on the path of opening up its economy. Exports were flooding out and China was given the title of "the world's factory". Taking advantage of its huge population, China began to move up in the rankings of the world's top economies.

Graphic comparing the relative size of America and Chinas wealth gap
China's growth is forecast to slow, but even so economists say it is on track to overtake the US as the world's No.1 economy in about 10 years. And while it needs to control inflation and prevent asset bubbles, most economists agree the economy's underlying structure is sound, and growth sustainable.

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