The Lujiazui Financial Area in Shanghai. China has begun to reshape the way the global economy functions. Aly Song/ReutersChina Passes Japan As Second-Largest Economy -- David Barboza, New York Times
SHANGHAI — After three decades of spectacular growth, China passed Japan in the second quarter to become the world’s second-largest economy behind the United States, according to government figures released early Monday.
The milestone, though anticipated for some time, is the most striking evidence yet that China’s ascendance is for real and that the rest of the world will have to reckon with a new economic superpower.
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Commentaries, Opinions, And Editorials
China’s Greedy ‘Communists’ -- Minxim Pei, The Diplomat
The spark rises in the east: China's science revolution. -- Michael Brooks, New Statesman
Bomb Iran's Bushehr Nuclear Reactor? The endgame may be coming soon. -- Michael Anton, Weekly Standard
Obama’s Indecision and the Iranian Bomb -- Ron Radosh, Pajamas Media
Petraeus' Thankless Task -- Reihan Salam, Daily Beast
Should Republicans Surrender the War at Ground Zero? -- Andrew Thomas, American Thinker
Obama's battles in Asia -- Chan Akya, Asia Times
Old Europe’s Old Recipe for a Very Modern Failure -- Vodka Pundit
Floods in Pakistan, drought in Russia and a global wake-up call -- Telegraph editorial
The Re-Hollowing of the U.S. Military -- Arthur Herman, Commentary Magazine
As Gates Era Ends, U.S. Looks Weaker -- IBDeditorials