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[www.postandcourier.com stories: Business] China passes Japan - Charleston SC - The Post and Courier ...: World stock markets mostly fell on the news that Japan's economy grew just 0.1 percent in the second quarter, far short of expectations and well below the 1.2 percent growth in the first quarter. The report follows signs last week that both the U.S. and Chinese economies are not growing as fast as earlier in the year.

[Booker Rising] Booker Rising: China Passes Japan As World's Second-Largest Economy: The article continues: "The recognition came early Monday, when Tokyo said that Japan’s economy was valued at about $1.28 trillion in the second quarter, slightly below China’s $1.33 trillion. Japan’s economy grew 0.4 percent in the quarter, Tokyo said, substantially less than forecast.

[Sex+Metropolis] China Surpasses Japan as World's Number Two Economy | Sex+Metropolis: China’s growth comes both from huge state investment in infrastructure and heavy industry and from private sector expansion in light industry instead of just exports, whose role in the economy appears to have been significantly overestimated. The smaller but highly concentrated public sector, dominated by 159 large SOEs, provided key inputs from utilities, heavy industries, and energy resources that facilitated private sector growth and drove investment, the foundation of national growth.

[Global Markets] China Bumps Japan as Second-Largest World Economy » Global Markets: After Japan's anemic 0.1% economic growth in the 2Q, China has now supplanted its ancient rival as the world's second-largest economy marking another milestone in the country's transformation from an impoverished 'Third World' communist .

[Lipstick Alley] China Passes Japan as Second-Largest Economy: Experts say unseating Japan — and in recent years passing Germany, France and Great Britain — underscores China’s growing clout and bolsters forecasts that China will pass the United States as the world’s biggest economy as early as 2030. America’s gross domestic product was about $14 trillion in 2009.

[The Big Picture] China's Economy Passes Japan (#2) | The Big Picture: China is hindered by an overwhelming lack of domestic aggregate demand- it’s is both an ongoing recession (bailed out by Europe and the US on a continual basis) and a nacent depression (the amount and depth of social dissatisfaction with the status quo). Both China and Japan are hindered by adherence to the defunct Anglo- American industrial efficiency model which is absolutely dependent upon cheap resource inputs such as oil.

[The English Blog] The English Blog: Newsy Video: China Tops Japan as No. 2 Economy: The latest GDP numbers are prompting the media to consider China's role in the world economy and what it means for the rest of the globe. View transcript >> Multisource political news, world news, and entertainment news analysis by .

[nvs' Blog] China tops Japan as second biggest economy in Q2 « nvs' Blog: The government is considering new stimulus measures including boosting graduate employment and the corporate sector, Kyodo News Agency said late on Monday, after data that testified to slowing growth in Japan’s main export destinations such as the United States and China and a stimulus-driven domestic recovery that has petered out. Against a backdrop of concerted efforts to talk down the yen after it surged to a 15-year high against the dollar last week, quarterly gross domestic product grew just 0.1 percent.

[The Periscope Post] China overtakes Japan - is the US in its sights? | The Periscope Post: It’s been a long time coming, but now it’s official: China, riding the wave of its explosive growth, finally eclipsed the long-stagnant Japan to become the world’s second largest economy. But while the western media is all atwitter with China’s having surpassed the Japanese economy last quarter, the news has been greeted with a shrug in Japan and a show of moralizing modesty in China.

[Finance Blog] China's Economic Growth Is Just A Sprint Toward Breakdown ...: Its economy (measured in nominal GDP for the second quarter) is now bigger than Japan’s (according to numbers released today from the Japanese government). And at the rate it’s growing, China could be the world’s biggest economy in a a little more than a decade (Goldman Sachs says by [...]&source=Finance Blog" class="linkedin" title="Share this on Linkedin">

[Rethink Afghanistan War Blog] Tomgram: Chalmers Johnson, Portrait of a Sagging Empire - Rethink ...: “I was sufficiently aware of Mao Zedong’s attempts to export ”˜people’s war’ to believe that the United States could not afford to lose in Vietnam.  In that, too, I was distinctly a man of my times.  It proved to be a disastrously wrong position.  The problem was that I knew too much about the international Communist movement and not enough about the United States government and its Department of Defense.  I was also in those years irritated by campus antiwar protesters, who seemed to me self-indulgent as well as sanctimonious and who had so clearly not done their homework [on the history of communism in East Asia]”¦ As it turned out, however, they understood far better than I did the impulses of a Robert McNamara, a McGeorge Bundy, or a Walt Rostow.  They grasped something essential about the nature of America’s imperial role in the world that I had failed to perceive.  In retrospect, I wish I had stood with the antiwar protest movement.  For all its naïveté and unruliness, it was right and American policy wrong.”

[Finance Blog] Boy Did The Banks Screw Ireland Up « Finance Blog: Its economy (measured in nominal GDP for the second quarter) is now bigger than Japan’s (according to numbers released today from the Japanese government). And at the rate it’s growing, China could be the world’s biggest economy in a little more than a decade (Goldman Sachs says by 2027, [...]

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