As Japan Slips, China Moves Into Second Place

by | Feb 14, 2011 | Towing

China has officially bumped Japan as the world’s second largest economy. Japan reported its GDP grew only 1.8% last year to $5.47 trillion, while China’s climbed 10.3% to $5.88 trillion.
Continue reading As Jap…

China Now World’s No. 2 Economy, Shares Surge

by | Feb 14, 2011 | Towing

Investors piled into Chinese stocks after news broke that China’s GDP surpassed Japan’s for 2010, making the People’s Republic the world’s second largest economy after the U.S. The Shanghai Composite climbed 2.5% and in Hong Ko…