China Rising

Jim O'Neill, the head of Goldman Sachs Asset Management, says 'economically speaking, China has created three new Chinas in the past decade'.

Jim O'Neill: China Could Overtake US Economy By 2027 -- The Telegraph

Jim O'Neill, the head of Goldman Sachs Asset Management, has predicted that China could overtake the United States as the world's largest economy by 2027 and urged a fundamental rethink of the operation of the G7 which he believes is too dominated by the West.

In his long awaited update to his seminal 2001 paper on the BRIC economies of Brazil, India, Russia and China, Jim O'Neill says that the economies he highlighted have exceeded even his expectations in the way they have become global powerhouses.

Mr O'Neill says that the four countries should no longer be considered "emerging" economies but rather "growth" economies and should be given their rightful place as the top table of power.

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My Comment: I have been going to China since the mid-1980s, and there is one thing that I can say about them .... they have been consistent in their growth and development. So will China be the world's number one economy in 2027 .... maybe. But if not in 2027 .... it will be later on .... and when it is .... the impact that it will have on the geopolitical/military/social level will make it's influence in the world today seem trivial in comparison.