In a single generation, a nation that did not appear on any of the international league tables has vaulted into the top spot. In 1980, China’s gross domestic product (GDP) was less than $300 billion; by 2015, it was $11 trillion—making it the world’s second-largest economy by market exchange rates. In 1980, China’s trade with the outside world amounted to less than $40 billion; by 2015, it had increased one hundredfold, to $4 trillion.4 For every two-year period since 2008, the increment of growth in China’s GDP has been larger than the entire economy of India.5 Even at its lower growth rate
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