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According to the latest statistics released by the World Bank in 2024, among the Asian countries in 1996, Japan ranked first in terms of gross domestic product(GDP), with a total economic volume of $4923.39 billion; China ranked second in terms of GDP, with a total economic volume of $863.8 billion; South Korea ranked third in terms of GDP, with a total economic volume of $610.17 billion; India ranked fourth in terms of GDP, with a total economy of $392.9 billion; and Taiwan, with a total economy of $292.7 billion, ranked fifth in GDP.