June 22, 2014

UK Should Welcome China -- It Is the Future

Martin Jacques, Daily Telegraph

The Associated Press

A month ago, China overtook the US to become the largest economy in the world by one measure. By 2030 it is projected that the Chinese economy will be twice as large as America’s and larger than the European Union and America combined, accounting for one third of global GDP. This is the world that is coming into being, that we must learn to adapt to and thrive in. It is a far cry from the comfort zone we are used to, a globe dominated by the West and Japan: in the Seventies, between them they were responsible for two thirds of global GDP; by 2030 it will be a mere one third.

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TAGGED: UK, China

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