May 19, 2014

Is China the Fastest Rising Nation Ever?

Daniel Kliman, Tea Leaf Nation

The Associated Press

China is rising; but how far, and how fast? After the release of projections based on new World Bank data showing that China will soon overtake the United States as the world’s largest national economy, a debate has quickly ensued, with some China-watchers dismissing the new figures as an “accounting exercise” and others calling the revised data a “wake-up call.” But the hue and cry obscures a more fundamental question: whether the scale and speed of China’s ascendance is truly unique, or whether it resembles the emergence of earlier powers. China, it turns out, scores moderately on the first metric, and very highly on the second.

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TAGGED: China

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