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China has a total of 4.9 trillion GDP in 2009. If current trends continue, China may be the world's largest economy by 2020. Discuss the

China has a total of 4.9 trillion GDP in 2009. If current trends continue, China may be the world's largest economy by 2020.

Discuss the possible implications of such a development for

(a) the world trading system,

(b) the world monetary system.

(c) the business strategy of today's European and U.S.-based global corporations, and

(d) global commodity prices.

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