Friday, December 31, 2010
Misinterpretation of Sino-Japanese Relations-II
In February, the Japanese government announced that its GDP grew at 1.1 percent during September and December (Daily Mainichi). This will place Japan as the second economy ($5.1 trillion GDP) in the world even though China had 8.7 percent economic growth in 2009 ($4.9 trillion GDP). Economic indications have limits. China is still a developing country. When one travels from Beijing to interior provinces, one can still eyewitness that a majority of the Chinese are still living in impoverished conditions. But one cannot see such poor economic conditions in local prefectures outside of Tokyo.