China: world’s second-largest economy
China passed Japan in 2010 to become the world’s second-largest economy after the U.S., a historic shift that has drawn mixed emotions in the two Asian powers: resignation tinged with soul-searching in long-stagnant Japan, pride but also caution in an ascendant China wary of shouldering new global responsibilities. The Long Rivalry China passed Japan in 2010 to become the world’s second-largest economy after the U.S. Compare the two economies over the past 50 years.
