In December of 2014, China will surpass the United States as a world economic power. Said expectative was predicted for 2017, however due to the United States' economic deceleration and China's continuous growth, the date has been advanced; this is what Alex Marquez, investigator and talent promoter, informed during Coparmex Tijuana's traditional monthly breakfast.

The Asia Titan displaced the United States after 140 years of maintaining itself as the first world economy. "The measurements that confirm the new world economic order were made regarding the size of the economies, not about their productivity, nor their wealth distribution," specified Dr. Marquez.

He commented that the prognostics calculate that China's gross domestic product will end the year with $17.1 trillion dollars, which will surpass the United States, which will close the year with $17 trillion. Therefore, starting January 2015, China will lead the world economy, followed by the United States, India, Japan, Germany, Russia, Brazil, France, Indonesia, and the United Kingdom. "Mexico will be located at position 11, but it is estimated that it will reach position 8 in the following four years," indicated the investigator.

Spectacular Chinese Projects

During his conference, Dr. Alex Marquez shared some of the megaprojects that China is looking to settle over the following years, as are:

The Nicaragua Canal

"In 2015, the extension of the Panama Canal will be inaugurated, this is happening after 100 years of operation and more than a million boats crossing this canal that links the Atlantic and the Pacific, but before the inauguration it was shared that in Nicaragua, China will build the biggest inter-oceanic canal in the world. It will be three times longer than the Panama Canal and will cost ten times more. The Chinese are also thinking of building a deep water port for deep draft ships, a duty free zone, and a tourist area in Nicaragua," he explained.

Beijing – LA Train

Another proof of China's unstoppable world power is their train project that looks to unite the cities of Beijing and Los Angeles, California, going through Mongolia, Russia, and the Bering Strait, and continuing down through Alaska and Canada, to arrive to California, at a velocity of 450 kilometers per hour.

Africa, China Manufacturing Workshop

Lastly, he commented that Africa is turning into China's big maquiladora, the same way that China was that of the United States. According to Dr. Marquez, two months ago the North American Secretary of State held a reunion with the presidents of the twenty most important countries in Africa, who reported twice Mexico's economic growth. That is to say, while Mexico is growing between 2, 3, and 4%, the African countries that were present reported having grown between 5 and 6%, with Nigeria leading; the reason for this growth… the wave of Chinese investment.

Sustained Growth

According to Dr. Marquez, China will maintain its growth trend and within twenty years, in 2035, will produce 50% of the world's GDP, which means that 200 countries around the world will barely producing China's counterweight.

"China's GDP will reach $35 trillion dollars within 20 years as its growth will continue, given that currently, barely 25% of the population of said country is generating this economic miracle, the other 75% is missing, and is barely about to integrate the economy," explained the investigator.

In China urbanism will continue to grow by 14%, he indicated before giving the following astounding data: "China will be consuming more cement and concrete in the following three years than the United States in the last 100 years."

In this sense, Dr. Marquez added that all the studies show that displacing the Chinese from the field to the city will produce a great food shortage, provoking the price of commodities such as grains, meats, and drinks to increase, "but, oh surprise, two months ago China announced that not only were they self-sufficient in the production of food but that due to their high-technology, for first time, they are producing surplus they need to export." This is why two months ago; the United States received the cancellation of a large part of their grain orders to China, leading to the fall of grain prices for the first time in history.

"We have underestimated the Chinese by thinking they were not capable of being self-sufficient, now they are, they have surplus and are exporting," he emphasized.

What the Mexican can learn from the Chinese... Continue reading article here

Find more news at BusinessConexion

Follow Business Conexion on Facebook, Google+ and Linkedin

editorial@businessconexion.com