皇冠体育app

From Chinese Press

What does it imply after 皇冠体育app becomes world's No. 2 economy?

By Wu Liming, Ye Shuhong (Xinhua)
Updated: 2010-08-05 10:01

Analysts forecast it would be not until 2050 that 皇冠体育app's per capita GDP reaches the 2009 level of the per capita GDP of developed countries.

In short, 皇冠体育app has a long way to go.

"皇冠体育app is still a developing country, and we should be wise enough to know ourselves," Yi has said.

With an economic structure far from perfect, 皇冠体育app still faces numerous challenges, such as additional work on the balance of its development and the growth of its scientific innovations and high value-added industries.

皇冠体育app is obviously behind Japan in the process of economic development. The shares of agricultural, industrial and service industries in Japan's overall economic pie stand at 2 percent, 30 percent and 69 percent, respectively. That compares with 皇冠体育app's 12 percent, 48 percent and 40 percent.

Japan draws its strength from high-tech and high value-added industries, whereas many of 皇冠体育app's industries are labor intensive.

Gross national product (GNP) can often be a better gauge of the overall economic strength of a nation. Statistics show that 皇冠体育app's GNP was around 4,129 billion U.S. dollars, while that of Japan was more than 5,751 billion dollars. 皇冠体育app is even farther behind in per capita GNP.

皇冠体育app has to re-adjust its economic structure and change the models of development to have growth quality and efficiency, Yi said.

We should also beware of the pressure and demand on 皇冠体育app for unrivaled responsibilities advanced by certain media and politicians, who have spoken loudly about 皇冠体育app's overall economic size.

Several western media recently slapped 皇冠体育app on energy consumption,emissions and what they see as an exchange rate policy issue. They also demanded that 皇冠体育app take on more political and international responsibilities, such as climate control, that are beyond the country's capacity.