China

I usually don't read articles about the global economy... This article about China caught my eye:

Back in 2001 when the International Olympic Committee chose Beijing as the site of this summer’s games, the event was meant to mark China’s debut as a player on the global economic stage. But a recent study by the economist Angus Maddison projects that China will become the world’s dominant economic superpower much sooner than expected - not in 2050, but in 2015.

I had long since known that China holds a lot of Treasury Bills and that roughly coincides with the U.S. turning a blind 'civil rights' eye toward them but the idea of China being the next economic super power is a surprise to me. Perhaps I need to read more current events...