[Texasforever]

China is still a developing country.

Yes and it has been "developing" for thousands of years. When, in your opinion, will it get "developed"?

[AIG]

The next few decades. By 2020, China's GDP adjusted for purchasing-power parity will be bigger than America's. Then China has the rest of the century to pull ahead. I don't doubt that Western civilization has been the leader in bringing about modern society. But over time, this gets diffused inevitably to other cultures. Romans benefitted from Greeks, Europeans benefitted from Romans, Americans benefitted from Europeans, Japanese benefitted from Americans, and now Chinese benefit from everybody and have the population size to sustain a big enough economy to pull ahead.