Paul Eckert: China Poised to Overtake U.S. in 2020s-Author
From Reuters, via Yahoo! News:
China’s unprecedented rise, fueled by foreign investment and technology, has put the Asian giant on a path to surpass the United States economically by 2025, the author of a new book on China said on Tuesday.
U.S. pressure on Chinese authorities to revalue the yuan currency will bring only a brief respite from the fusion of cheap-but-skilled labor, imported technology and economies of scale that make China so competitive, said Oded Shenkar.