Economy

China to be first world economy, Italy resists

According to a report by the World Bank, the Chinese economy will overtake the United States one sooner than predicted, already this year.

Despite all the difficulties, Italy will manage to keep its 11th place in the world ranking.

The United States had overtaken the British Empire in 1872.

In 1945, after a century of abuses by various colonial Powers (including Italy), China became a permanent member of the United Nations Security Council. However, the seat was attributed to the pro-West Government of Taiwan until 1971, and the Chinese economy was burdened by Communist planning at least until the Eighties.

At the end of the Nineties, China obtained the restitution of Hong Kong and Macau from Great Britain and Portugal, respectively.

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