China is expected to become the world's second largest power in terms of objective national strength by 2030, a top think tank reported on Tuesday.
In its report "China's Modernization 2008" that was released on Monday, the Chinese Academy of Social Sciences (CASS) said the country, currently number three globally in objective national strength, is expected to surpass Japan in 2030.
The report defined the term as "a basic component of the overall national strength and the summation of real assets and objective capacity to maintain the survival and development of a nation".
According to CASS, China moved up to third place in objective national strength in 2004, behind only the United States and Japan. In 1990, it was number 16.
China's gross domestic product (GDP) has surged at a double digit annual growth rate over the past five years and jumped 11.4 percent year-on-year to 24.66 trillion yuan (3.43 trillion U.S. dollars) in 2007. Analysts said last year's figure was also the highest in the past 13 years.
The sharp increase in output brought the country closer to overtaking Germany, the world's third largest economy.
Japan's GDP that year was 5.083 trillion U.S. dollars. Figures for 2007 have yet to be released.
In its report, CASS also proposed the new concept of "Peace Dove Strategy" to stress its peaceful development policy.
Source: Xinhua
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