China's growing place in the world continues to have major economic consequences, writes John Husselbee, and from an investment perspective is expected to force a reappraisal of 'Asian markets' over the coming years
Though we are less than 20 years in, predictions of a ‘Chinese century' are already coming to fruition as the country is poised to overtake the US as the world's top economy as early as next year. While the US is still some way ahead on nominal GDP, which simply measures a country's output, several reports show China overtaking in 2020 in terms of purchasing power parity (PPP) exchange rates. Among the earliest advocates of renewed Chinese ascendancy was Robert Lloyd George, whose The East-West Pendulum written in the early 1990s has proved remarkably prescient as the world turns increas...
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