Forget the US - choose China

Could China overtake the US as the world's largest economy in the next ten years? Recent economic data suggests it's a distinct possibility. The Onassis team explain why China (and India) are the future.

In recent issues we have discussed the various aspects of the global liquidity story and the carry trade. These are financial circumstances that prevail on a massive scale at a time of an unprecedented expansion of the global economy as China and India move from developing nation status to eventual developed nation status. China should eventually overtake the US as the world's largest economy - how fascinating it will be to see the world as soon as just ten years hence.

Woody Brock, of Strategic Economic Decisions, Inc., (www.sedinc.com) headlined one of his recent essays "THE YEAR 2006 A GLOBAL TIPPING POINT' - Annus Horribilus for the US". The US, he says, is in the early stages of suffering declining political, military and economic power. To quote:

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