When did China become the second largest economy in the world?

In 20 10, China surpassed Japan in GDP and became the second largest economy in the world.

After 30 years of amazing growth, China has finally surpassed Japan and become the second largest economy in the world after the United States.

According to the data released by the Cabinet Office of Japan, Japan's nominal GDP (gross domestic product) in 20 10 was US$ 5,474.2 billion, which was US$ 404.4 billion less than that of China. China's GDP surpassed Japan and officially became the second largest economy.

In 2000, China was the seventh largest economy in the world, and in 2007, it surpassed German to become the third in the world. When China's economic scale can surpass that of Japan has always been a topic of concern to economists at home and abroad in recent years.

The Wall Street Journal described this historical moment as "the end of an era".

Yuan Gangming, a researcher at the Institute of Economics of China Academy of Social Sciences and a visiting professor at the Institute of Social Sciences of Tokyo University, stressed once again yesterday that the international indicator for measuring a country's wealth is its per capita GDP. "At present, China's per capita GDP is only one tenth of that of Japan, and the fact that China is still a' poor country' has not changed. The domestic media should downplay this change and avoid international public opinion taking the opportunity to speculate on the' China economic threat theory' again. "

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There are several facts that reflect the prominent position of China:

First of all, under the financial crisis, China's economy outshines others, maintaining rapid growth. In 20 10, China surpassed Japan in GDP and became the second largest economy in the world.

Second, 20 10, 10 In June, G20 finance ministers decided that the IMF would transfer 6% of the voting rights to emerging powers such as China, among which China's share would jump from 3.72% to 6.39%, and its voting rights would also rise from the current 3.65% to 6.07%, surpassing Britain, France and Germany to become the third largest shareholder of the IMF.

China's rising voting rights did not shake the veto power of the United States in the International Monetary Fund, nor did it shake the hegemony of developed economies.

Thirdly, China has successfully developed the world's fastest supercomputer "Tianhe-1", which is 47% faster than the American "Jaguar" which was ranked first in the world, and is regarded as an important performance towards becoming a powerful country in science and technology.

Fourthly, China's naval fleet has repeatedly gone to the Gulf of Aden and Somali waters to carry out escort missions.

Fifth, at the level of global governance, China plays an important role in the UN Security Council. As a member of G20 and BRIC countries, China has participated in the formulation and coordination of international economic rules, and as a member of the basic four countries, participated in climate change negotiations, and its international voice has been significantly improved.

References:

People's Daily Online -20 10 China's GDP surpassed that of Japan to become the second largest economy in the world.

Phoenix Net-China has become the second largest economy in the world.