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Monday, August 16, 2010

China Economy power

The International Monetary Fund expects China's output to reach $5.4 trillion by the end of 2010. By comparison, it estimates Japan's GDP at $5.3 trillion. Comparable to Japan, China has acheived its continous growth rate of 10.3% whereas Japan mere 1%. China's economy is mainly speedying on their export trade which hit high on 18%. Though official figure are yet to be declared but theres a speculation that China's achievment list has considerably so high that may be it has crossed Japan and will soon capture US position as well which seems to be a big blow

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