As a Chinese, I fell I am still poor even China tops Japan as world’s NO.2
I can not keep laughing when I read the bloomberg news China Tops Japan as World’s No. 2 Economy . I can imagine how excited CCTV will be when they report the big “victory” news tomorrow. As an ordinary Chinese, I can not feel I am getting rich. I will feel it is luxury if I drink more than three bottles of cold beer one day.
GDP of China is totally based on real estate, big big big bubble. Now China government can not live without real estate. The economy of China will collapse when the bubble broken. By depending bubble real estate economy, China will top US as No.1.
Below is the China Tops Japan as World’s No. 2 Economy
China surpassed Japan as the world’s second-largest economy last quarter, capping the nation’s three- decade rise from Communist isolation to emerging superpower.
Japan’s nominal gross domestic product for the second quarter totaled $1.288 trillion, less than China’s $1.337 trillion, the Japanese Cabinet Office said today. Japan remained bigger in the first half of 2010, the government agency said. Japan’s annual GDP is $5.07 trillion, while China’s is more than $4.9 trillion.
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