Aharon Etengoff
The People’s Republic of China – also known as Zhōngguó – has eclipsed Japan and is now the world’s second largest economy.
According to World Bank projections cited by Reuters, China remains on course to overtake the United States and assume the role of the world’s number one economic superpower by the year 2025.
However, China’s per-capita income, which hovers at a mere $3,800 a year, is still quite low compared to America or Japan.
Nevertheless, a recent op-ed in the government-controlled People’s Daily urged the United States to “recognize and accept” China’s inevitable rise “onto the world stage.”
“No one would like to see the negative effects rocky relations would bring to China, the United States and possibly to the world as a whole,” explained Zhong Sheng.
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