[WilliamofCarmichael]

"Largest economic power" in world.. but Red China's ascent to Number One Super Power scheduled for next Tuesday afternoon, about tea time, has been delayed..

China Overview

• China remains a developing country （its per capita income is still a fraction of that in advanced countries）and
• its market reforms are incomplete;
• official data shows that about 98.99 million people still lived below the national poverty line of RMB 2,300 per year at the end of 2012;
• with the second largest number of poor in the world after India, poverty reduction remains a fundamental challenge;

  Rapid economic ascendance has brought on many challenges as well, including

  • high inequality;
  • rapid urbanization;
  • challenges to environmental sustainability; and
  • external imbalances.

  China also faces demographic pressures related to

  • an aging population and
  • the internal migration of labor.

[StoneWall Brigade]

I read yesterday that China’s navy is projected to pass our navy by 2020 so there’s that.