China is poised to become the world’s biggest economy, says this chart

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The chart above comes to us via Deutsche Bank’s Jim Reid.

“America’s global economic dominance has been declining since 1998,” he writes in ante to clients, ” well before the Global Financial Crisis. A large part of this decline has actually had little to do with the actions of the US but rather with the unraveling of a century’s long economic anomaly. China has begun to return to the position in the global economy it occupied for millennia before the industrial revolution.”

Reid quotes Napoleon Bonaparte: “Let China sleep, for when she awakes, she will shake the world.”

Posted in: Infographic of the day

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