Within the next decade, the trajectories of the world’s two largest economies will collide.

One has been the world’s dominant technological, financial and cultural superpower for a century. The other is a manufacturing titan, home to the world’s largest population and increasingly its most innovative industries.

China is on track to become the largest economy in the world by 2028. It has already overtaken the US as the largest trading partner of most of its major allies and is pursuing Washington’s dominance of multilateral institutions, including the World Trade Organisation, and the financial clout of the US dollar.

“As China moves closer to the centre of the world stage, it has the ability and responsibility to play a greater role in global affairs and, together with other countries, make greater contributions to solving the problems of all mankind,” Chinese President…

Read more…

Share.

Comments are closed.