China Passed Japan Long Ago

Print
Sunday, 13 February 2011 23:27

Let's hope that this is the last silly article telling us that China has just passed Japan as the world's second largest economy. Using a purchasing power parity measure of GDP, China passed Japan several years ago. Its economy is now more than twice the size of Japan's. Japan is still doing fine, since its per capita GDP continues to rise.

Arghhhhhh, Market Place radio committed the same sin in their morning report.