InfoAnda - Booming Chinese economy snaps at Japan's heels

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Honduras standoff at Brazil embassy set for long haul | International | | 23 September 2009
Tiger's troubles widen his distance from blacks | 6 December 2009
Globe nominees benefit long after the show is over | | 15 January 2010

Cruise ships still making way to S’pore, despite tough economic times | 15 December 2008

Forum Views () Forum Replies ()

Read more with google mobile : Booming Chinese economy snaps at Japan's heels

Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Booming Chinese economy snaps at Japan's heels AFP - Friday, January 22 Send IM Story Print Workers clean the windows of a high rise building in Shanghai. China appears to be on the brink of overtaking beleaguered Japan as the world's second-biggest economy after another blistering performance in 2009, analysts have said. TOKYO (AFP) - – China appears to be on the brink of overtaking beleaguered Japan as the world's second-biggest economy after another blistering performance in 2009, analysts said Thursday. Asia's two biggest economies look to have ended 2009 in a tight race but China, which grew 8.7 percent last year, is soon expected to unseat its neighbour from the position it has held for more than 40 years. "It may have already overtaken Japan in 2009 and, if not, is likely to do so this year," said Brian Jackson, a senior strategist at Royal Bank of Canada in Hong Kong. China on Thursday reported nominal -- unadjusted for inflation -- gross domestic product (GDP) for 2009 of 33.5 trillion yuan, or 4.9 trillion dollars at today's exchange rates. Related article: World bank sees 'signs of bubbles' in China economy Japan posted nominal GDP of about 505.1 trillion yen, or 5.5 trillion dollars, in 2008 and its economy is expected to have shrunk by roughly six percent last year, reducing the figure to about 5.2 trillion dollars. "If you look at nominal figures, the Japanese and Chinese economies are now very close to each other in size," said Yoshikiyo Shimamine, chief economist at Daiichi Life Research Institute in Tokyo. Japan is scheduled to release its 2009 GDP figures on February 15. With China expected to post another year of strong growth in 2010, Japan seems likely to end this year in third place worldwide as it struggles to cope with renewed deflation and a shrinking population, experts said. China returned to double-digit growth in the fourth quarter of 2009 with a red-hot expansion of 10.7 percent. Without China's boom, Japan's economy would be even more sluggish given that the two are major trading partners, analysts said. Comparisons between the two countries are complicated by exchange rate fluctuations. If the yen weakens further, that could hasten China's ascent to world's number two behind the United States. And China could overtake the United States as early as 2020, PriceWaterhouseCoopers said in a report Thursday, underlining the "seismic change" in global economic power. Related article: China could overtake US by 2020, says PWC By 2030, India could also take third spot to relegate Japan to fourth, the business consultancy said. But in terms of per capita GDP, China -- with a population of more than 1.3 billion people -- trails far behind Japan, with about 128 million. On this basis, China ranked 104th in the world in 2008 with nominal GDP per person of 3,259 dollars, while Japan was 23rd at 38,457 dollars, according to the International Monetary Fund. Luxembourg was top with 113,044 dollars. Related article: Asia markets mixed reaction on China economy figures Japan's economy staged a stunning recovery from the ashes of World War II and in the 1980s it was widely predicted to outstrip the United States. But it suffered a decade of stagnation after an asset price bubble burst in the early 1990s. The country plunged back into recession in 2008 as its exports collapsed due to a severe global downturn. It returned to growth in the second quarter of 2009, exiting a year-long downturn. But the recovery remains fragile with falling consumer prices, high public debt and weak domestic demand all major concerns for policymakers. China meanwhile has achieved remarkable growth since opening up its economy 30 years ago, growing at an average of more than nine percent each year in the three decades since 1978 -- three times the world average. Growth stalled in the second half of 2008 as the global crisis took hold, but rebounded in the latter half of last year thanks in large part to a massive government stimulus package. Recommend Send IM Story Print News Search Top Stories Haiti quake is a new warning of Latin America's faultline Obama announces plan to rein in banks, finance firms GM to close Belgian Opel plant Hope of new treatment for MS patients Booming Chinese economy snaps at Japan's heels More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended Giant, leaping Asian carp threaten US Great Lakes UN climate panel admits Himalaya glacier data "poorly substantiated" Asian pollution worsens US air levels: study Australia moving cancer-hit Tasmanian Devils to new islands Mixed feelings as US soldiers take control in Haiti More Most Viewed » Beat the blues by going to bed early: study Huge tomb found at Egypt's Saqqara pyramid Woman who saved Anne Frank's diary dead at 100 Scientists praise Obama as Doomsday clock reset More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

Other News on Friday, 22 January 2010
US Embassy in Baghdad looking for Facebook friends
Srebrenica survivors to appeal UN ruling
US-TECH Summary
GM to close Belgian Opel plant
Shakira To Build School In Haiti Through Barefoot Foundation
Envoy starts mission amid Obama pessimism
Hope of new treatment for MS patients
Conan O'Brien Officially Signs $45 Million Exit Contract With NBC
Booming Chinese economy snaps at Japan's heels
Japan's NTT DoCoMo to launch Xperia smart phone
Ex-foreign minister admits reluctance over Iraq war
Greece must move fast to avert social crisis: report |
Global IT spending to rise nearly 5 pct in 2010: Gartner
Nigerian VP orders army to take over security in Jos |
German body scanner firm sees business taking off
EU mobile phone rates drop, but still rich pickings: survey
Israel probes vandalism of Palestinian cemetery |
Clinton urges Internet freedom, condemns cyber attacks
Zelaya to leave Honduras next week says adviser |
EU approves Oracle's bid for Sun Microsystems
Clinton seeks thorough China probe on Google issue
Google faces China questions amid solid Q4
Nokia hits TomTom, Garmin with free satnav
Man dies after fall from freeway during CA storm
Pelosi: House lacks votes to OK Senate health bill
Vietnam court upholds jail terms in democracy banners case
NTSB cites engineer's texting in Calif. rail crash
Thai PM warns of more attacks after army HQ blast
Police, rioters clash in China over land: reports
Mom in NY pet torture case faces judge
Prince William salutes 'courageous' Australia fire survivors
Review: NOAA must revamp fishery law enforcement
China declares crisis past, inflation a concern
Intel: Missile kills Filipino militant in Pakistan
Clinton urges Internet freedom, condemns cyber attacks |
Ex-Bush lawyer pleads not guilty in attack on wife
Obama steps up campaign against Wall Street banks
Motorola to tap Baidu, others for China search |
Nobel Prize-winning scientist Nirenberg dies at 82
EA tees off on Tiger Woods console game in June |
Mixup over prayer brings bomb squad to Pa. airport
Officials suspected of bribery in China landslide
Attorney: Va. killing suspect had mental problems
Former Thai premier ordered to relinquish land
Rain-triggered landslides kill 5 in Indonesia
India's ONGC Q3 profit jumps 23 percent
Taiwan says China trade talks to start this month
Britain says Pakistan aid rises despite crunch
Outrage as GM axes Belgian auto plant
China economy booms, poised to overtake Japan
China: Google case not linked to ties with US
GM shifts Belgian SUV output to S.Korea
Pakistan's forex reserves rise to $15.24 bln
Beyonce, Madonna added to Haiti telethon
NBC: Conan O'Brien reaches $45M exit deal
Spice girls musical Viva Forever to hit stage |
NBC confirms Conan out, Leno back at "Tonight Show"
India festival puts Jaipur on book lovers' map |
Hearing delayed in Charlie Sheen case
Star producer RedOne eyes Michael Jackson release |
Tetris a 100-million-download hit on mobile phones
Cowboys, dectectives among 'Amazing Race' teams
British impresario Cowell plans Haiti charity single
Conan O'Brien leaves NBC in 45 million dollar deal: reports
Music industry urges piracy action amid falling sales
Mumbai govt orders taxi drivers to speak local language
Woman Faces Charges For Biting Off Part Of Sister's Nose
Elderly Man Charged With Attacking Elderly Man
Jewish Prayer Boxes Force Pilot To Divert Plane
Museum Strips Photographer Of Title
ICANN approves Internet addresses in Arabic script
Outside of the rubble, Haiti tends to its living |
Karzai plans to pay Taliban to lay down their guns
Flush Goldman Sachs seeks to soothe bonus outrage
From spas to banks, Mexico economy rides on drugs |
Victim in Polanski case supports absentia bid
Lenovo Android phones unaffected by Google China spat
Clinton sees unity on Iran despite China
Support for Japan ruling party erodes amid scandal |
Google quarterly net profit up five-fold
Sour words on Mideast peace as Obama admits setbacks
India warns of hijack threat to national carrier |
Iraq leader seeks ruling on committee behind ban
Haiti quake is a new warning of Latin America's faultline
Obama announces plan to rein in banks, finance firms
Quake survival? There's an app for that
Nigerian VP assures nation Jos crisis under control |
Eighty percent of Darfur conflict deaths due to disease |
Microsoft issues emergency "Google attack" patch
Google quarterly net profit up five-fold
Motorola taps Baidu, others for China search
YouTube streamlines its video-viewing page
Kindle beefs up for what Apple has in store
Lenovo says Android phones unaffected by Google spat
Motorola taps Baidu, others for China search
Nokia says to offer free maps to smartphone users
4th California storm stokes mudslide fears
Hudson River splashdown plane to be auctioned off
7th suspect in Calif. homecoming gang rape charged
AP NewsAlert
Cambodia labor union marks killing of leader
Google profit rises, revenue misses some forecasts |
Clinton calls for China probe into Google cyberattacks
NKoreans honored for saving leaders' portraits
US firm backs off 'Jesus' scopes
Media in China dismiss U.S. Internet push |
Weather forecast for the Asia-Pacific region
Coal baron debates Kennedy over mountaintop mining
Lenovo Android phones unaffected by Google China spat |
NZ reviews company rules after arms smuggling link
Tornado hits Calif. desert highways
China says missing lawyer 'is where he should be'
Motorola taps Baidu, others for China search |
Calif. Democrats revive single-payer health care
Microsoft issues emergency Google attack patch |
Prop. 8 backer stands by views on pedophilia
Gates praises Pakistan's fight against militants
Bomb attack targets Sri Lanka opposition ahead of vote
Australia condemns latest attacks against Indians
Korean Air Q4 jumps as cargo demand recovers
Pakistani c.bank sells 33.50 bln rupees of T-bills
Korean Air Q4 op profit jumps on cargo recovery
Seoul shares fall 3 pct; banks, techs extend losses
Asia markets tumble on Obama crackdown on banks
PAKISTAN
Motorola offers Baidu search on China smartphones
Seoul shares fall; banks decline on U.S. worries
Lebanese designers lace up for Paris couture catwalks
Taiwan dollar hit by risk aversion, stocks
NBC ends late night wars: Conan is out, Leno is back |
S.Korea bonds rise on weak shares, sale plan
Sundance lets out a HOWL on opening night |
Sundance opens with a "HOWL"
So, what exactly does a film producer do?
Harrison Ford can't cure Extraordinary Measures |
Top Brit musicians in auction for Haiti quake victims
NBC chief says late-night debacle Shakespearean |
Paul Reubens revives Pee-Wee Herman Show in L.A |
So, what exactly does a film producer do? |
'Bad boy' Gaultier throws bloodied boxers into fashion ring
UK music stars hold auction for Oxfam in Haiti |
Spice girls musical Viva Forever to hit stage |
Harrison Ford can't cure "Extraordinary Measures"
Spartacus a bloody spectacle |
Mexican ruling party proposes banning drug ballads
Avatar ready for sixth box office win |
"Spartacus" a bloody spectacle
UK music stars hold auction for Oxfam in Haiti
Russian FM regrets Iran's rejection of nuclear deal
Leak at German nuclear plant: firm
Sony Ericsson cautious on market
Bank, economy fears weigh on global stocks
UK PM to appear before Iraq War inquiry before vote |
Markets tank as Obama moves to rein in banks
Turkey detains 120 al Qaeda suspects in raids
Russia warns against rushing to Iran sanctions |
Bombs and ambushes as Marines inch into Taliban bastion
Armenia warns Turkey peace deal under threat |
South wants North Korea back at nuclear talks mid-February |
Yemen Shi'ite rebels say leader in good health |
Sony Ericsson cautious on market
Paris imam backs France's proposed burqa ban |
Dean: Dems can pass limited health care overhaul
US business trainer questioned by Kazakh police
Country's first legal gigolo starts work in Nevada
Pakistani gunships attack car in North Waziristan
Gates strives to build trust with Pakistan military
ATF stings put 250M illegal cigarettes on streets
Obama to focus on job growth in Ohio
Afghanistan bans chemical used to make bombs
The nation's weather
Clijsters crashes but Henin's Open dream lives on
Water rescue teams prove key during Calif. storms
Census to launch count in Alaska village
NKorea proposes military talks with SKorea
3rd wife's disappearance focus of Peterson hearing
Pakistan gunships attack car in North Waziristan
Sony Ericsson cautious on market |
Cambodian labor union marks killing of leader
Full schedule of flights resume at Sky Harbor
Travel Picks: Top 10 tech hotels |
Cold weather strands travelers in China
Government posting wealth of data to Internet
Tech group to launch digital music file successor |
Huge Islamic gathering begins in Bangladesh
Microsoft issues emergency Google attack patch |
Nokia hits TomTom, Garmin with free satnav |
Taiwan c.bank to discuss FX fwds with banks -sources
Japan court rejects tobacco lawsuit, notes dangers
Asia-Pacific air travel fell 5.7 percent in 2009
South Korea gets jitters over bond index inclusion
BNP Paribas forms asset mgmt JV in Taiwan
Reliance profit up 16 percent on higher sales
Bharti profit up slightly amid price war
Korean Air swings to profit as fuel costs drop
Beijing per capita GDP tops 10,000 dollars in 2009
Rod Stewart, Leona Lewis on single for Haiti
Redford opens Sundance with Haiti appeal
Thai poachers turn funghi farmers to save forests
US-ENTERTAINMENT Summary
NBC chief says late-night debacle "Shakespearean"
33 Haitian children head to new French families
Coldplay, Arctic Monkeys to raise funds for Haiti
Tech group to launch digital music file successor |
Book tackles atom bomb horror, author eyes 3D film |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01