Arvind Subramanian is the author of Eclipse: Living in the Shadow of China’s Economic Dominance. He spoke at Pop Tech, which explains his talk as follows (here):
Arvind Subramanian explains that China’s ascendance is not approaching but already upon us. The country’s growing dominance will be more imminent, broader in scope and greater than previously imagined. He asks us to imagine a world with, not the G20, nor even the G2, but the sole G1: the reality is that China will rule the world. What does this mean for an increasingly vulnerable United States?
Especially note at minute 14:26 where he says:
China, by 2030, will have a fifty percent larger economy than the United States, fifty percent more trade, it will continue to control the financial spigots of the world, and it will, perhaps, be issuing the world’s number one currency.
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