Rising China Bests a Shrinking Japan
By CHESTER DAWSON in Tokyo and JASON DEAN in Beijing 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. View Interactive The Japanese government made official the long-expected flip Monday morning in Tokyo, reporting that the economy shrank at a 1.1% annual rate for the last…
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Rising China Bests a Shrinking Japan
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on February 14, 2011. Filed under
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