China No Longer an Emerging Market - Soon to be the Biggest Market

This is a really important development for business students who need to appreciate the dynamics of the global economy to understand. The OECD has forecast that, within four years, China will overtake the USA to become the largest economy in the world. The value of China's GDP in 2013 alone is forecast by the OECD to be bigger than all the Eurozone economies put together. China has arrived - and it has hugely significant implications for business.

Lots of coverage about the OECD forecast for the global economy in the media. For example, here in the Guardian, and the BBC

If the OECD is right, then what we are seeing is a shift in the balance of economic power over the next 50 years, with fast-growing emerging market economies accounting for an ever-increasing share of global output.

The OECD itself has produced this excellent video to explain their long-term forecast for the global economy - well worth watching and noting down the key findings:

BBC News on Chinese growth