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Fast-growing China has passed moribund Japan as the world's second-largest economy, according to the latest figures on gross domestic product coming out of Japan.

It's one of those fun milestones that politicians and the media love to make a big deal out, but that actually mean very little. Nothing has changed: China is still desperately poor but growing fast. Japan is rich, but relatively sta
China's middle class will likely grow to rival that of the United States, the Jordan Opportunity Fund(JORDX 10.52, -0.13, -1.22%) manager said. "We're trying to find ways to play the Chinese consumer through a number of different holdings."
In the monthly U.S. Treasury report this week, it was announced that China had sold $34.2 billion of Treasuries in December (or allowed short-term ones to run off), making Japan once again the largest holder of U.S. Treasuries.

The battle between China and Japan for the title of largest holder of this dubious asset is not very interesting. What's more interesting is the question of where China
A major Chinese bank has raised mortgage rates in one of the first signs of how the government's lending clampdown is rippling through the economy and could tame turbo-charged growth but spook investors. Bank of China's decision to roll back mortgage discounts came after banks throughout the country aggressively called in loans in the second half of January to fall into line with the government's
U.S. Internet giant Google (NASDAQ: GOOG - news) has threatened to shut its China operations after cyber attacks emanating from the country, in response to which Beijing defended its censorship policies.The case has prompted concern among the foreign investor community and public calls from U.S. officials for China to safeguard the business environment there, raising questions about the difficult
After more than a quarter century of rapid growth, China's factory-to-the-world economy could now be set for a major slowdown, even as it tries to spend its way to strength, according to an expert on the causes of the global financial crisis.
Noted economist and author Richard Duncan said that, faced with sluggish global growth and a tapped out U.S. consumer, there's little hope that China can k
Chinese bank lending surged in the first week of 2010, industry sources said today, adding to the concerns fuelled by blockbuster trade data for December that the world's third-largest economy is overheating.

Despite the indications of gathering economic momentum, finance minister Xie Xuren said China would stick to its pro-growth fiscal stance, warning that withdrawing stimulus spending too e
Growth in China's exports and imports last month blew past expectations, providing fresh evidence of the vigour of the economy and strengthening the case for Beijing to let the yuan start climbing again.