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What will the world be like when China has the largest economy in 2018?

Asked by Hawaii_Jake (37344points) March 25th, 2012

This article from the Guardian quotes the Economist as reporting China will surpass the US as the largest economy in the world in just six short years. The article also says the Chinese currency, the renminbi, will become the global currency.

What does this mean for Westerners?

What does it mean for prices at the gas pump when oil is no longer traded in US dollars?

How familiar are jellies with the rise of China as a superpower?

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