China 'overtakes Japan in economic prowess'

But nation remains weak in terms of per capita GDP

BEIJING - China may overtake Japan as the world's second- largest economy this year, but it remains a developing economy despite its fast pace of growth, economists said.

Japan's nominal gross domestic product (GDP), which is not adjusted for price and seasonal variations, was worth $1.286 trillion in the April-to-June quarter compared with $1.335 trillion for China, according to data released by the Japanese government on Monday. The figures are converted into dollars based on an average exchange rate for the quarter.