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If you look at the chart at the top here, you'll see that inthese Goldman Sachs projections suggest that the Chinese economy will be almost the same size as the American economy.
And if you look at the chart forit's projected that the Chinese economy will be twice the size of the American economy, and the Indian economy will be almost the same size as the American economy. And we should bear in mind here that these projections were drawn up before the Western financial crisis.
Goldman Sachs projected The post-crisis projection is That's just a decade away. China is going to change the world in two fundamental respects. First of all, it's a huge developing country with a population of 1.
And within a decade, it will have the largest economy in the world. Never before in the modern era has the largest economy in the world been that of a developing country, rather than a developed country.
Secondly, for the first time in the modern era, the dominant country in the world — which I think is what China will become — will be not from the West and from very, very different civilizational roots.
Now, I know it's a widespread assumption in the West that as countries modernize, they also westernize. This is an illusion. It's an assumption that modernity is a product simply of competition, markets and technology.
It is also shaped equally by history and culture. China is not like the West, and it will not become like the West. It will remain in very fundamental respects very different. Now the big question here is obviously, how do we make sense of China? How do we try to understand what China is?
And the problem we have in the West at the moment, by and large, is that the conventional approach is that we understand it really in Western terms, using Western ideas.
Now I want to offer you three building blocks for trying to understand what China is like, just as a beginning. The first is this: Okay, it's called itself a nation-state for the last hundred years, but everyone who knows anything about China knows it's a lot older than this.
This was what China looked like with the victory of the Qin Dynasty in B. And you can see it against the boundaries of modern China.
Or immediately afterward, the Han Dynasty, still 2, years ago. And you can see already it occupies most of what we now know as Eastern China, which is where the vast majority of Chinese lived then and live now. Now what is extraordinary about this is, what gives China its sense of being China, what gives the Chinese the sense of what it is to be Chinese, comes not from the last hundred years, not from the nation-state period, which is what happened in the West, but from the period, if you like, of the civilization-state.A couple of weeks ago, I was looking at the latest projection by BNP Paribas for when China will have a larger economy than the United States.
Xi Jinping, president of China, is now undoubtedly one of the most powerful men in the world. This is the first biography of Xi in English and provides a lucid and readable account of his background, rise to power and political background. E-waste contains metals such as gold, iron, silver, copper, platinum and palladium, as well as rare earth elements such as yttrium, lanthanum, terbium, neodymium, gadolinium and praseodymium; not.
WHEN China was first unified in BC, Rome was fighting Carthage for dominion over the western Mediterranean. Rome would go on to rise further and, famously, fall. E-waste contains metals such as gold, iron, silver, copper, platinum and palladium, as well as rare earth elements such as yttrium, lanthanum, terbium, neodymium, gadolinium and praseodymium; not.
Despite improved prospects, Hong Kong’s growth is about 2 per cent. Its future is overshadowed by political angst. Even more than Singapore, it is exposed to global liquidity swings, US trade.