By the time this toddler reaches adulthood, The world will be radically different. China is ALREADY radically different. In a social experiment on a grand scale, the "one child policy" coupled with the undesireability of having girl babies has created an artificial demographic..... An entire generation (mostly boys) has been spoiled rotten by doting parents. An avalanche of affluence is about engulf China with all the problems that means for the rest of the planet. Chinas economy is far bigger than previously estimated. New figures suggested it had probably passed France, Italy and Britain to become the world's fourth-largest economy. China revised its economic data Tuesday (DEC 20 2005) after a yearlong nationwide economic census uncovered about $280 billion in hidden economic output in China for 2004. The amount is roughly equivalent to an economy the size of Turkey or Indonesia, or 40 percent of India's economy.
Economists say there is little doubt now that China is a full-fledged economic superpower.China has also been accumulating foreign currency reserves at a very high rate over the past few years. By the end of 2006 China could have ONE TRILLION in foreign currency reserves, much of it in US TREASURY NOTES! Other experts are moving forward their forecasts of when China might overtake the United States as the world's largest economy. Some have advanced their estimation to about 2035, from 2040.
