Only once in a generation does a US presidential election coincide with a scheduled Chinese leadership change. This year the juxtaposition offered a special piquancy because of the perception that China is well advanced on its inexorable way up in the world, and the United States is condemned only to go down. When next the two changes of administration coincide, if they do, in 20 years' time, China – even according to the most conservative forecasts – will have knocked the US off its global economic perch and be well on its way to registering a gross domestic product that is twice as big.
Reported by Independent 27 minutes ago.
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