Shifting Fortunes: China vs. Japan

"The WSJ reports that China passed Japan as the second-largest economy after the United States. Japan’s full-year GDP was $5.47 trillion — about 7% smaller than the $5.88 trillion that China reported.

The financial markets reflect a constant state of competition where the winners and losers are sorted out. One of the benefits of relative strength is that typically the relative strength charts reveal these leadership changes long before they hit the headlines... "

at http://systematicrelativestrength.com/2011/02/14/shifting-fortunes-china-vs-japan/