Published: 05 September 2007 Beijing: China's pre-Olympics economic boom has ratcheted up a few clicks. With less than a year to run, it is not just the main stadium site that is humming; the entire city is a great building site. Not only is it rushing to complete new hotels and other facilities ahead of the games, it is also sprucing itself up: fixing pavements, repainting shopfronts, opening restaurants.
You can measure the China boom in the statistics – growth running at more than 11 per cent in the first half of this year – but nothing can prepare the visitor for the actuality. This is not just the greatest boom on earth at the moment – it is the greatest boom the world has ever known. In 2005, China passed the UK to become the world's fourth-largest economy; either this year or next, it will pass Germany to become the world's third largest. It is hard not to see it passing Japan to become the second largest within about a decade, and then it is at least plausible that within a generation it will pass the United States to become the biggest.
http://comment.independent.co.uk/columnists_m_z/hamish_mcrae/article2927068.ece
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