As Japan’s Debt crosses new Barriers , No hope for Economic Revival


 

Japan's Rising DebtJNN 12 Aug 2013 Tokyo : Japan’s national debt exceeded 1,000 trillion yen, or $10.46 trillion, for the first time. It’s now well above 200% of the country’s GDP and is larger than that of Germany, France and the UK combined. Continue reading

Chinese economy will surpass that of the US by 2016


JNN 27 April 2011 : According to the IMF’s forecast, based on “”purchasing power parities””, China’s gross domestic product (GDP) will rise from $11.2 trillion in 2011 to $19 trillion in 2016, while the American economy will increase from $15.2 trillion to $18.8 trillion.  Continue reading