Napoleon historically phrased there is more than two
centuries, "When China awakes, the world will tremble."
Everyone waited, nobody believed: China is now the largest
economy in the world!
The United States became the second economy in the world
after dethroning the UK in 1872.
According to the International Monetary Fund the Chinese
economy is worth 17.610 trillion dollars against 17.2 trillion dollars for the
United States.
The IMF’s reports that the Chinese economy will be worth 27
trillion in 2019 it will be 20% more than the United States which will valued
at 22.3 trillion dollars by that date.
Europe in 1900 was already surpassed by the United States,
but she only realized this in 1945.
It is likely that the United States will be faster to
realize the global economic and financial earthquake which has just taken
place, than were their European counterparts.
We will soon witness a real debate on the new global
challenges, future leaderships, monetary, financial and economic alliances in
the world.
Prof. Olivier Chazoule
