China tells the United States not to get in the way in a regional argument over claims to the South China Sea, saying it would only make difficult the matter.Japan's NHK TV report last week that the United States and Southeast Asian country may proclaim a joint declaration on September 24 that obliquely presses China over its recent behavior near disputed isles in the South China Sea.China has been more and more strident in declaring its territorial claims, particularly maritime ones.In the past week, it has balanced high-level exchanges with Japan and assured tough counter-measures following a court there extended the custody of the captain of a Chinese boat which collided with two Japanese coastguard ships near borderline islands.Full story
China exceeds Japan as the world’s second-largest wealth last quarter, capping the nation’s three- decade rise from collective separation to emerging superpower. Japan’s supposed gross domestic product for the second quarter totaled $1.288 trillion, less than China’s $1.337 trillion, the Japanese Cabinet Office said today. Japan remain bigger in the first half of 2010, the government agency said. Japan’s annual GDP is $5.07 trillion, while China’s is more than $4.9 trillion. China lead the world out of last year’s global depression with an economy that’s more than 90-times better than when leader Deng Xiaoping abandoned hard-line Communist rules in favor of free-market improvements in 1978. The country of 1.3 billion people will pass the U.S., where annual GDP is about $14 trillion, as the world’s major economy by 2027, according to Goldman Sachs Group Inc. chief economist Jim O’Neilfull story
