China is on the rise, get used to it

Geopolitics, economics, technology, climate, public health and demographics are all changing at an unprecedented pace. Amid this unprecedented shift, a new world order is taking shape, in which China claims a spot on center stage. Apparently, some find this hard to digest.

In early 2000, China’s economy was only 14 percent of that of the US; by 2010, that share had grown to 40 percent. We can all make our predictions of when China will overtake the US, based on assumptions for growth, inflation and the exchange rate. Already the combined GDP of the BRICS nations (Brazil, Russia, India, China and South Africa – considered the fastest-growing economies, although struggling at present) exceeds that of the G7 countries.