China Overtakes Japan as Second-Biggest Economy
China is now the world’s second-largest economy. It has (1) ____ Japan, which became number two in 1968. Experts say China is on (2) ____ to overtake the USA by 2030 to become the world’s biggest economic power. Newly-released figures value China’s economy (3) ____ $1.33 trillion, just higher than Japan’s $1.28 trillion. Just five years ago, China’s economy was half as small as Japan’s. China still has a long (4) ____ to go to get to number one – America’s economy is currently (5) ____ $14 trillion.
China is experiencing (6) ____ fast economic growth and is already the world’s biggest exporter. It is also the world’s biggest importer (7) ____ cars and steel. Its rapidly growing and wealthy population is spending like there’s no (8) ____. (9) ____ contrast, Japan has a rapidly aging and shrinking population which doesn’t want to spend. The Japanese are still among the richest people in the world. On (10) ____, a Japanese person earns nearly $38,000 a year, compared with $3,600 for a Chinese worker.
Put the correct words from this table into the article.