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China Set to Overtake Japan GDP-wise

The Economist had this nice short blurb with accompanying graphic about China's rapid ascent.  Interesting as it may be, I fully disagree that Japan's troubles were due to an economy dependent upon investment and exports, as opposed to their own version of profligacy and over-confidence.  It seems like the Economist is simply talking the West's book there, trying to talk down the various trade surpluses China (and Japan, and most of Asia for that matter) has vis a vis Western nations.



  

Disclosure: Disclosure: I own high quality commodity stocks in China and the USA