if current trends continue, china may be the world's largest economy by 2020.?

3 Answers

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   sumboi on Jun 13, 2011

   china already has an immense impact on the global economy, it is very likely because they the have resources and a fast development tendency.

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   MJ on Jun 13, 2011

   in all of them china will either lead or have massive influence. commodity prices will increase even more.

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   away on Jun 13, 2011

   Yes it is for sure…

   China will become a world high tech production centre as China possesses rich rare earth supplies, and is planning to play the role of OPEC-like monopoly. With the availability of advanced technology, rich foreign reserves, millions of millions of university graduates and education oriented culture, as well as China’s unique but efficient economic commanding system, China will simply defy any negative speculation about its rapid economic growth.

   China is a civilisation other than a normed single country, and with the current financial crisis, it starts to blossom by the stimulus after hundreds years’ hibernation …sooner or later China will eventually become the world dominant economic power with its huge population and adaptable human culture… by 2020?, well, the status as the largest economy may be claimed by China much earlier than 2020, I mean, in terms of the real production economy other than services economy…

   as we know the US simply has too much financial services and comsuption economy which are either bubbled or heavy debted….the financial crisis is simply a process of consolidation to correct the wrong pricing of the US GDP….relatively, by 2020, we will see another China’s miracle…the world trading system, monetary system, business strategies and commodity prices will be sharply directed by China’s economic activities…