China is leveraging its $4 trillion in reserves to provide low interest financing for high speed rail, export of Chinese nuclear reactors, factories and property development.
China is offering to fill the worlds infrastructure gap. This will enable all of the developing world to follow the China economic development plan. In a few decades, they will have no shortfall in transportation, industry, modern buildings, energy plants, energy grid and other infrastructure needs. China will also help them finance it.
Let us imagine about 2060-2080 where China has provided almost all countries in Africa and Asia with state of the art energy generation, energy distribution, global transportation and modern megacities with over 90% urbanization.
The world economy is at about $110 trillion in purchasing power parity (with 2011 Worldbank adjustments) in 2015 and is about $80 trillion in nominal exchange rate terms. The average per capita wealth is $15,200 on a PPP basis for each of 7.2 billion people.
Robert Fogel, nobel prize winning economist has projected China to have 123 trillion GDP in 2040 China's share of global GDP -- 40 percent -- will dwarf that of the United States (14 percent) and the European Union (5 percent) 30 years from now. So World economy Nobel Prize winning economist Robert Fogel is projecting a world economy of $307 trillion in 2040. This prediction is that the world economy will triple in 25 years. A further tripling afterwards would have a world economy of $900 trillion around 2065.
The average per capita wealth would be $100,000 on a PPP basis for each of about 10 billion people.
China is very likely to have a high speed rail network across Asia, Europe, Africa and a separate one in South America by 2040. They could have completed the connections across North America and between continents by 2065.
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China is offering to fill the worlds infrastructure gap. This will enable all of the developing world to follow the China economic development plan. In a few decades, they will have no shortfall in transportation, industry, modern buildings, energy plants, energy grid and other infrastructure needs. China will also help them finance it.
Let us imagine about 2060-2080 where China has provided almost all countries in Africa and Asia with state of the art energy generation, energy distribution, global transportation and modern megacities with over 90% urbanization.
The world economy is at about $110 trillion in purchasing power parity (with 2011 Worldbank adjustments) in 2015 and is about $80 trillion in nominal exchange rate terms. The average per capita wealth is $15,200 on a PPP basis for each of 7.2 billion people.
Robert Fogel, nobel prize winning economist has projected China to have 123 trillion GDP in 2040 China's share of global GDP -- 40 percent -- will dwarf that of the United States (14 percent) and the European Union (5 percent) 30 years from now. So World economy Nobel Prize winning economist Robert Fogel is projecting a world economy of $307 trillion in 2040. This prediction is that the world economy will triple in 25 years. A further tripling afterwards would have a world economy of $900 trillion around 2065.
The average per capita wealth would be $100,000 on a PPP basis for each of about 10 billion people.
China is very likely to have a high speed rail network across Asia, Europe, Africa and a separate one in South America by 2040. They could have completed the connections across North America and between continents by 2065.
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