Abstract
China, by its sheer size, political influence, and economic and military might has already acquired the big-power status, joining the league of USA, Japan, and Germany. In fact, today, the Chinese economy is the second biggest in the world after USA.2 According to Keystone-India, China, with a Real GDP of US$ 50 trillion, is expected to overtake USA by the middle of the century (Lee, 2007). According to their projection, with their huge consuming masses, China and India will shape the global economy in terms of percentage of the world’s GDP, though the UN Population Division believes that India will outnumber China in population by 2050.
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