China has a total of 4.9 trillion GDP in 2009. If current trends continue, China may be the world’s largest economy by 2020. Discuss the possible implications of such a development for (a) the world trading system, (b) the world monetary system. (c) the business strategy of today’s European and U.S.-based global corporations, and (d) global commodity prices. Go to the World Bank website and find China’s country information to support your discussion.
about 500 words