China Passes Japan as Second Largest Economy

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A Chinese bank worker arranges stacks of 100-yuan notes.
From New York Times , and

China’s economy has been steadily growing over the past three decades, bypassing countries like Great Britian, Germany and France. And last night, the country took a major economic leap: China is now the world’s second largest economy, behind only the United States. The milestone was reached after Japan announced a slightly smaller second quarter value than China.

We talk with David Barboza, Shanghai business correspondent for The New York Times about the milestone.