Posted 1/9/2024, 9:04:00 PM
China's Economic Dominance Peaks as Japan, India Chart Different Courses
- China's economy was seen as a major global force in 2010, following interest in Japan and Asian Tigers decades prior
- China became world's largest exporter, had 10% current account surplus, and 30-year 10% GDP growth average in 2010
- Chinese IPOs propelled China's equity markets ahead of Wall Street for IPO capital raised by 2010
- Japan and India have since taken different reform approaches compared to China
- Tokyo and New Delhi's economic innovation is now viewed more positively as Beijing's growth slows