It was in 2009 that China came so close to surpassing Japan to become the world’s second largest economy.And now it comes as no surprise to know that this huge country has overtaken Japan to become the world’s second-largest economy!!! Depending on how fast its exchange rate rises, China is on course to overtake the United States as the world’s largest economy, sometime around 2025, according to projections by the World Bank, Goldman Sachs and others.

Indeed, Yi Gang, China’s chief currency regulator, mentioned the milestone in passing in remarks published on Friday.“China, in fact, is now already the world’s second-largest economy,” he said in an interview with China Reform magazine posted on the website (www.safe.gov.cn) of his agency, the State Administration of Foreign Exchange.“China is still a developing country, and we should be wise enough to know ourselves,” Yi said, when asked whether the yuan should become an international currency.

China is a leading member of the Group of 20 rich and emerging nations, which since the 2008 financial crisis has become the world’s premier economic policy-setting forum.