Archive for August, 2010

China Becomes the World’s Second Largest Economy

Saturday, August 28th, 2010:

China has now surpassed Japan as the world’s second largest economy. While this says as much about Japan’s relative decline as China’s rise, it is still is an important milestone that demonstrates China’s rapid transformation that is sure to bring more changes both inside and outside its boards. It was not long ago that China had the image of a backwards and poverty stricken military menace in the minds of many. While it was sometimes feared for its numbers and ideology, it was not considered a serious economic force. However, since the market oriented reforms that really started kicking into […] Read More →

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