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Old 17th Feb 2015, 19:14
  #52 (permalink)  
ORAC
Ecce Homo! Loquitur...
 
Join Date: Jul 2000
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China's global economic domination
You're having a laugh, right?

People claimed Japan was going to do that in the 1970s, fell apart. China faces the same problems in greater measure - ageing population; lack of infrastructure and rising wages as system cannot catch up; price of external raw resources.

Similarly India is postulated as the next great power - but the same issues are arising.

Don't right off the 21st century as that of the USA just yet.

*I can paste various links if people are to lazy to do their own research...
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