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One should be careful to equate fast growth, large numbers, and impressive actions with that of how China will overtake other first world nations in the near future. Strong growth now, does not mean it will continue to do so in the future.

Yes, the growth and money put into China has been tremendous, but if its going to be years in the future, we can only imagine how long China’s growth and strength can last. The Asian Tigers were seen as phenomenal and Japan itself was seen as going to overtake the US back in the 1980s, but as we all saw, some fundamental economic instabilities became too pronounced to avoid leading to stagnation within.