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The economic rise of China has left economists baffled, but excited. The nation overtook Japan and became the world’s second biggest economy in 2010.
Pundits further opine that America’s economic leadership may not be for long. If China grows at an average rate of 6.5 per cent and USA at 2 per cent per annum, it will overtake the US by 2026, says Malcolm Scott and Cedric Sam writing for Bloomberg on May 12, 2016. We look forward to the American reaction when this day finally dawns.
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