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Earlier this month, an article in Newsweek called "The China Dream" claims China surpassed Japan as the second largest economy in July. Despite that accomplishment it is still far from surpassing the US as a global power.
China's influence around the world is still far behind the US. The article says the final and best result of the two countries wrestling on the global stage would be a win-win situation.
- Chinese GDP surpasses Japan in Q2 2010-08-18
- China boosts Japan debt in June 2010-08-17
- Studio discussion: Will Japan's economy continue to slow 2010-08-17