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Weapons of Mass Destruction (WMD)

China replaces Japan as world's second largest economy

RIA Novosti

07:30 14/02/2011 TOKYO, February 14 (RIA Novosti) - Japan ceded the title of the world's second largest economy to China, the NHK TV channel said on Monday citing a government report.

Japan had the world's second largest GDP since 1968. In 2010, its GDP stood at $5.474 trillion, up 3.9% from the previous year. The Chinese GDP grew to $5.878 trillion last year.

"Japan's economy stumbled in the October-December period last year, contracting for the first time in 5 quarters, and ceding its spot as the world's second-largest economy to China," the channel said.

The Japanese government says the trend is due to the decrease in private consumption and exports.

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