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Follow Business Insider: The lineup of global economic powerhouses is going to see some changes by 2050. China is expected to surpass the US in terms of nominal GDP by 2026 â aka in 11 years, according to The Economist Intelligence Unit. India, the strongest emerging market, is expected jump to third place, with real growth averaging around 5% by 2050. Plus, Indonesia and Mexico will vault up into the top 10.
When China declared war on Germany on August 14, 1917, its major aim was to earn itself a place at the post-war bargaining table. Above all, China sought to regain control over the vital Shantung Peninsula and to reassert its strength before Japan, its most important adversary and rival for control in the region..