China has Risen to Number One in Purchasing Power and Wesley Clark Call for a New Long Term China Strategy and a Global Leadership Partnership
By the end of 2014, China will make up 16.48% of the world’s purchasing-power adjusted GDP (or $17.632 trillion), and the US will make up just 16.28% (or $17.416 trillion). By 2019, China will be about 20% larger than the US economy on a purchasing power basis.
Former NATO supreme Allied commander in Europe General Wesley Clark says China’s harsh suppression of political dissent, from Hong Kong to Xinjiang, and its close ties to Russia, Iran and North Korea, have finally laid to rest the dream many Western leaders have had since the 1990s: that “constructive engagement” would eventually, inevitably lead to more openness and democracy.
NBF Comment – Really the “best” that could have been hoped for would be a faux democracy like Taiwan or an effective but authoritarian system like Singapore. However, a nation that is an economy that will be 200 times bigger than Singapore or 40 times Taiwan would always have a huge effect on the world order.
Source: http://nextbigfuture.com/2014/10/china-has-risen-to-number-one-in.html
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