The Chinese giant just robbed the place in Japan and should continue to gain momentum. China officially became Monday the second world economy. Its gross domestic product, that is to say all the riches that the country has produced over one year amounted to 4.372 billion euros in 2010, up more than 10% over the Fiscal Year 2009. For comparison, the GDP of France amounted in 2009 to 2,584,000,000 euros, the U.S. should be around 11,000 billion euros in 2010.
This "promotion" was expected, the Middle Kingdom has already doubled Germany in 2007 after a rise of thirty years. A status comes as no surprise
"It is quite normal that a country as populous as China is now competing in absolute terms a country like Japan," said Jean-François Huchet, Director of the Centre for Studies on Contemporary China in Hong Kong. In his view, the anomaly of advantage lay in the fact that "at the beginning of reforms in 1978, China weighed only 0.4% of international trade."
China should not stop at this stage and might even overtake the U.S. by 2025, according to estimates by the World Bank and various financial institutions. Especially since the crisis has not slowed its growth, the state has initiated a broad recovery plan that entails the construction of important infrastructure. Conquering the world
This economic boom resulting from a decade of diplomacy by increasingly active, particularly in Africa and South America. Chinese multiply agreements with African states to secure their supplies of raw materials, offering in return for the construction of numerous infrastructure.
China also plans to launch a pharaonic site in Colombia, to compete the Panama Canal as a U.S. protectorate since its inception. This project, revealed Monday by the Financial Times, would be the construction of a railway line of 220 kilometers to transport containers between the Pacific Ocean and the Atlantic Ocean. "This is a practical proposition and it is fairly well advanced," said Juan Manuel Santos, the Colombian president. The paradoxes Chinese
With the second highest GDP in the world, China has still a per capita income which is still ten times lower than in Japan because of its large population of over 1.3 billion people. "The good economic numbers are one thing, but the point is that the government let the people benefit from growth," said Zhang also Haochuan, an economist with the research center on Japan's Fudan University in Shanghai.
If China now produces great wealth, its people are just beginning to afford to eat and have begun to fold the strike. This weakness of the Chinese domestic market can also become a danger, the Middle Kingdom is therefore dependent on consumption in countries where it exports.