China is World’s Second Largest Economy
“China has a large population, a weak economic foundation, relatively few resources and a large poverty population, which remains our basic situation,” Ma Jiantang, head of China’s statistics bureau, said in January. “Therefore, while we take note of our expanding size of economy and enhancing economic strength, we should also have a sober understanding that China remains a developing nation.”
By 2020 China will be the biggest, yet still developing country with unheralded power and growing espionage to American military.