Friday, 28 November 2014
Stock:China surpasses Japan as world's second-largest stock market
Both Japan and China have been increasing economic stimulus efforts this year, with the yen weakening 10 percent against the dollar.In 2010, China overtook Japan as the world's second-largest economy. Its GDP last year was valued at USD9.2 trillion last year, which is about 89 percent more than Japan. Currently, the USA takes the top spot among rankings of world stock markets.