Saturday, October 3, 2009
China to Overtake Japan in 2010
It is relatively safe to say that at some point next year China's economy will eclipse that of Japan's and become the 2nd largest economy in the world. Japan meanwhile will start to drift off into the shadows as China claims many of Japan's markets, including car manufacturing. Japan has two choices at this point. Either they can accept their fate and become the Asian Switzerland, a country of wealth and luxury but no political status or they can take advantage of their close proximity to China and make China's rising power work for them as China is their biggest trading partner. We have to wait and see now what action Japan is planning to take as China's economy continues to grow.