China on the rise, surpassing US?
The latest figures place China as the world's second largest economy, leaving Japan behind. Economists predict that China will become world's biggest economy in the 2020s. But Michel Chossudovsky of the Center for Research of Globalization (GlobalResearch.ca) thinks China may already be number. In terms of productive capabilities, due to sheer size and productive capacity, China surpasses the declining US economy, argued Chossudovsky.
The latest figures place China as the world's second largest economy, leaving Japan behind. Economists predict that China will become world's biggest economy in the 2020s. But Michel Chossudovsky of the Center for Research of Globalization (GlobalResearch.ca) thinks China may already be number. In terms of productive capabilities, due to sheer size and productive capacity, China surpasses the declining US economy, argued Chossudovsky.
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