31 Jul 2010

China's economy overtakes Japan, official says

12:34 pm on 31 July 2010

A senior official in Beijing says China has overtaken Japan to become the second biggest economy in the world, behind the United States.

China's chief currency regulator made the claim on the government's website.

The BBC reports that it is generally agreed that China nearly overtook Japan to become the second biggest economy last year.

While the China's new claim is not backed by any new data, nor confirmed by international bodies such as the IMF or World Bank, it says, few economists would dispute it.