Asia’s Dueling Duopoly
In today’s Asia, there are two economic powers of global standing, Japan and China. But the balance of economic power between the two is changing, and fast: sometime this year, China’s GDP will exceed that of Japan, and its economic footprint will continue to spread rapidly across Asia and the rest of the world.
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TOKYO – In today’s Asia, there are two economic powers of global standing, Japan and China. But the balance of economic power between the two is changing, and fast. Sometime this year, China’s GDP will exceed that of Japan (if it has not already done so). China’s economic footprint, moreover, is spreading rapidly across Asia and the rest of the world.