In 2007, China replaced Germany as the world's third largest economy. Soon, it will become the world's second largest economy, replacing Japan. It'll probably be a while before it replaces the U.S. as the world's largest economy, but that could happen too.
In another major milestone, China has now officially become the world's largest exporter, replacing Germany. China exported $957 billion worth of goods in the first 10 months of 2009, overtaking Germany's $917 billion.
China Dethrones Germany as Top Goods Exporter - WSJ.com
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