Chinese ETFs roar: China overtakes Japan as world's no. 2 economy

It is official now.  China is the number 2 economy in the world, surpassing Japan who lost its 42-year ranking .

Figures released today indicated a Japanese contraction in the last quarter due to weak consumer spending and a strong yen. Japan's GDP dropped by an annualised 1.1%  in  December.

In contrast, China grew nearly 10 percent in the same period.

Japan still remains around 10 times richer on a per-capita basis.

• Japan's nominal GDP: $5.474 trillion
• China's GDP: $5.879 trillion. 

 We track all Chinese ETFs live here. The top performer since Jan 2010 is CZM, a 3X bull ETF.