China is one of the fastest growing economies in the world with more than 10% annually growth rate over the last 30 years. It just recently surpassed Japan as the second largest economy in the world and will probably replace the USA as the number 1 economy in the world by 2020. Martin Jaques is the author of “When China Rules the World” and writes as a columnist for the Guardian. He analyses the strengths of China and its demographics and heritage and tells us why “western” countries have to stop their ignorance against China to keep up with them.
Martin Jacques: Understanding the rise of China