Since 1990, its weight in global GDP has increased from just below 2% to over 13% this year, and is projected to surpass 15% before 2020. In PPP terms, China’s share in the global GDP is, as of this year, even larger than that of the US 1.
This rapid economic development would not have been possible without China also becoming one of the world’s main trading nations, together with the euro area and the US. This economic prowess is also gradually translating itself into a greater presence in the financial sphere.