China's GDP Surpasses Japan

In the second quarter of 2010, China's GDP was higher than the GDP of Japan. With the pass of Japan, China will be the second largest economy for the second quarter. Japan's GDP for the second quarter was $1.29 trillion while China came in at $1.34 trillion. While China has yet to surpass Japan in the annual GDP, it is possible that this year it would happen. There is also an estimate in this article that China GDP will possibly surpass that of the United States by 2027.

Also, check out this video from The Wall Street Journal that discusses the pass of Japan's GDP by China.



http://www.businessweek.com/news/2010-08-16/china-gdp-surpasses-japan-capping-three-decade-rise.html

http://online.wsj.com/article/SB10001424052748703382304575430602975014496.html (Video Regarding China passing Japan in GDP in 2 quarter)