China is likely to overtake Japan to become the world's second largest economy, either this year or by 2010, a research paper issued recently by the China Policy Institute of the University of Nottingham (UK) has revealed.
Fan Jianping, director of the Economic Forecasting Department of the State Information Center, responded to that report yesterday, saying that such a kind of ranking is meaningless, considering China's extremely low per-capita GDP, which he believes is the most important indicator to determine whether a country is a developing country or not.
In the World Bank's ranking of GDP per capita for 2007 using purchasing power parity, China was ranked 112th at $5,370, behind Egypt, El Salvador and Armenia.
the good news or the bad news?
finally....i made it. now the only question is that when we can take over as the best.
its none of my business
i just care how much i earn each year and when i have ablilty to buy a apartment in downtown