China Overtakes Japan in 2Q as No. 2 Economy
The figures underscore China's emergence as an economic power that is changing everything from the global balance of military and financial power to how cars are designed. It is already the biggest exporter, auto buyer and steel producer, and its global influence is expanding.
- Achieved largely by exporting to the United States. Taking advantage of policies that tolerate products made with cheap and repressed labor, by companies that outsourced to China.
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