China : The second largest economy in The World

China just surpassed Japan as the second largest economy in the world , and Should current growth trends continue, China is set to surpass the U.S. as the world's largest economy by 2020, according to Pricewaterhouse Coopers, while Goldman Sachs is targeting 2027.

In the meantime, China can already boast to the following:

* -- The world's largest exporter.
* -- The world's largest auto market.
* -- The world's largest consumer of energy and second-biggest importer of crude.
* -- The world's largest buyer of iron ore and copper.
* -- Home to 4 of the world's 10-largest companies by market-cap.
* -- Home to 4 of the world's 10-largest banks by market-cap.
* -- Home of the world's largest IPO (Agricultural Bank of China, at $22.1 billion.)



source http://finance.yahoo.com/tech-ticker/size-matters-the-huge-implications-of-china%27s-economic-surge-535329.html?tickers=FXI,PGJ,EPP,EWJ,CHL,EEM,PTR