China Has Officially Become The World'S Second Largest Economy.

Japan's Cabinet Office released data on 14 th, 2010, Japan's nominal domestic

The phrase "Japan China reversal" has been reported frequently in Japan since the beginning of last year.

When China announced the nominal GDP data in 2010 of January this year, the "Japan China reversal" is basically a foregone conclusion.

The data released by Japan yesterday is nothing more than a formal confirmation of an established fact.

However, the world's second largest economy is not equal to the second largest economy per capita, nor is it the second largest economic power.

As far as China is concerned, the other side of the "second largest economic power" is that the per capita GDP is still only 1/10 of that of Japan, and it is still a developing country in line with international standards.

At the same time of rapid economic growth, we need to further improve the quality of economic development, so that the economic results will benefit the broad masses of the people and solve the dilemma of economic development and environmental protection.

Experts from the Academy of Social Sciences pointed out that the development of China's economy has turned to a turning point, and it is more urgent to change the way of development.

To change the "big and not strong" situation of China's economy, "adjusting and reforming the existing income distribution structure is the breakthrough of the pformation of the mode of economic development".

As far as Japan is concerned, it should be realized that the overall background of China's GDP surpassing Japan is the economic pattern of "Sino Japanese win win".

China is not only the production base of many Japanese enterprises, but also becoming the most important overseas commodity of Japan.