China has overtaken Japan to become the world's second-largest economy after three decades of rapid growth, a top Chinese official has announced.
"China, in fact, is now already the world's second-largest economy," China's chief currency regulator Yi Gang said in an interview with the latest issue of the China Reform magazine.
The World Bank predicts that China will surpass the United States as the world's largest economy sometime around 2025.
On a similar note , a new report released earlier last March by the United Nations Industrial Development Organization (UNIDO) said that China has overtaken Japan to become the world's second largest industrial manufacturer.
Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.
Jim Rogers "the 19th century was the century of the UK , the 20th century was the century of the US , the 21 st century is going to be the century of China "