I just saw this piece of news on CNN.COM:-
Japan: Economy slips to third in world, behind US and now ChinaTokyo (CNN) -- Japan has slipped to the world's third largest economy, falling behind the blistering speed of China's manufacturing growth, according to Japanese figures released Monday.
Japan's cabinet office released its nominal gross domestic product figures for 2010. Japan's economy was valued at US $5.4742 trillion dollars while China was at US $5.8786 trillion.
Japan's economy did grow in 2010, but only 3.9%, according to the government. China's is expected to grow more than 10%.
At the speed China is growing, Japan's government predicts China will overtake the United States as the world's largest economy in less than 20 years.China has expanded domestic industries and infrastructure, driven by a surge in exports. Multinational corporations have expanded in China, taking advantage of low labor costs.
Japan, meanwhile, has been stuck in stagnation and deflation for two decades. Decisive economic policy has been lost in the revolving door of the country's top leader, with Japan seeing six prime ministers in just five years. Looking ahead, Japan is facing a demographic tsunami, with the world's fastest aging population and one of the globe's lowest birth rates.
On the national debt issue, Japan's parliament is struggling to cap its GDP-to-debt ratio, which is nearing 200% -- the world's highest among developed nations.
The size of an economy does not tell the entire picture: Japan's GDP per head is around $40,000 while China's is $4,500. The standards of living remain remarkably different in the two countries.
But the economic size of a country gives a snapshot of not just the financial influence of a nation, but its power in the world's political sphere.http://edition.cnn.com/2011/WORLD/asiapcf/02/13/japan.econmy.third/index.html---------------
I think this piece of news is very telling of our times. I am not a pro-Chinese person and I don't particularly like the mercantile-like behavior of most Chinese anyway. However, I can see where this colossal nation is heading and that is on an upward trend. They are going to eventually dominate the world with its culture, economics, technology...etc. However, I don't really care much about that but I do hope they do take Dorje Shugden as part of Chinese spirituality and spread it to the rest of the world.
You see, with financial might, many of us who don't see the Chinese in a favorable light will become lesser and lesser over time. America owes so much money to China now due to trade deficit that America had been taking a less hardline approach with China. It is staggering what China will be in the future. Somehow, I am indeed glad that the Dalai Lama had positioned Dorje Shugden because it makes it easier for the Chinese to relate and pick it up. There's so many people will stand to benefit if the Chinese truly embraces Dorje Shugden.