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Here is the direct source in Reuters that confirms this development:
China overtakes Japan as No.2 economy: FX chief | Reuters
Business people in Europe are now starting to learn Mandarin as part of their degrees as well as English; Chinese business is in every corner of the world, and their country continues to develop at an unprecedented rate. Although they have a capitalist economy, their government is fascist and totalitarian in nature.
Are we prepared for the political and economic implications if China becomes our primary supplier to our economy? Will we have to swallow our pride and increase our business with a government that is in opposition to our values?
I thought Japan was supposed to own the world by now?