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According to the latest statistics released by the World Bank in 2024, among the Asian countries in 1988, Japan ranked first in terms of gross domestic product(GDP), with a total economic volume of $3071.68 billion; China ranked second in terms of GDP, with a total economic volume of $312.1 billion; India ranked third in terms of GDP, with a total economic volume of $296.59 billion; South Korea ranked fourth in terms of GDP, with a total economy of $199.59 billion; and Taiwan, with a total economy of $126.4 billion, ranked fifth in GDP.