In 2010, China?surpassed?Japan as the world?s second largest economy. In the years since, its economy has grown roughly four times as fast as Japan and the United States.
A March report by the Organization for Economic Cooperation and Development (OECD)?forecast?that China will overtake the United States as the world?s biggest economy by 2016, when assessed in purchasing power parity terms. China has the largest?foreign exchange reserves?in the world ? $3.4 trillion, as of the first quarter of 2013.
When President Barack Obama?sat down?with President Xi Jinping in an early June summit, it was a meeting of equals. And in the Strategic and Economic Dialogue, the annual meeting between high-ranking U.S. and Chinese officials that this year took place on July 10-11 in Washington D.C., the balance might even have been in China?s favor: the country sent two lower-ranking officials to meet with U.S. Secretary of State John Kerry and Secretary of the Treasury Jack Lew.
The stories, facts, and figures that show how global wealth and influence is shifting from the Western world and Japan to China and other developing nations are widely known. What most people overlook, however, is that the United States and Japan ? China?s two largest trading partners, and its most significant geopolitical rivals ? still provide China with tens of millions of dollars annually in aid and assistance.
More From:foreignpolicy
Similar Posts:
peter frampton Sandy Hook Elementary School Colors Victoria Soto nbc sports morgan freeman Survivor Philippines Fashion Island shooting
কোন মন্তব্য নেই:
একটি মন্তব্য পোস্ট করুন