China overtakes Japan as No.2 economy

China overtakes Japan and is on course to become the World's largest economy in less than 3 decades...

China has overtaken Japan to become the world's second-largest economy, the fruit of three decades of rapid growth that has lifted hundreds of millions of people out of poverty.

Depending on how fast its exchange rate rises, China is on course to overtake the United States and vault into the No.1 spot sometime around 2025, according to projections by the World Bank, Goldman Sachs and others.

http://www.reuters.com/article/idUSTRE66T1HT20100730?feedType=nl&feedName=usmorningdigest

Also if you haven't seen the documentary "Chimerica: A Financial History of the World." You can watch it here...

http://ajarnmike.blogspot.com/2009/11/chimerica-financial-history-of-world.html