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.
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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…
To quell rapidly climbing prices, China has raised interest rates for the third time since October. But signs are growing that it may not be able to keep the problem under control. And despite the economic threat from inflation…
The grandstanding is understandable for politicians facing voters battered by the Great Recession. But China’s growth is fueling the strong results that companies continue to deliver. And China’s global trade surplus has actual…
China’s foreign-exchange reserves jumped by a record 7.5% during the fourth quarter, increasing concerns over the country’s inflation, The New York Times reported Tuesday.
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