Global Leadership

In 30 years, China lifted 700 million people out of poverty*
- a feat unparalleled in history. Over the next 30 years, China aims to be the world's economic superpower.

Xi Jinping opened the National Congress in October 2017 and set out his plan for the country to become a "global leader" by 2050.

Economically and technologically, China will become a more significant player over the next 20 to 30 years.

Its GDP has already overtaken the US's GDP in PPP terms.

* Source: http://www.chinadaily.com.cn/china/2016-12/01/content_27537535.htm

China has overtaken the US in GDP (PPP)

  • China (Nominal)
  • China (PPP)
  • US (Nominal & PPP)
Source: Statistics Times

Its rate of growth now is roughly double that of the US. China is also the world's largest trading nation. And the largest trading partner for most countries (see below).

China is the largest trading partner for most countries

124 Countries for which China is the largest trade partner

56 Countries for which America is the largest trade partner

Source: Parag Khanna, Connectography, 2016

For investors outside China, an informed perspective on the country's economic manoeuvres has become imperative as it exerts a growing clout on global markets.