(ii)  The three forces that will dictate this race to the top by China will be (a) demography, (b) convergence, which is the scope for “catch up” and (c) “gravity” which is a measure of the trade potential of a country. BIS central bankers’ speeches  1  (iii)  This projected rise of China to the top is imminent.
The world should prepare for this through policies for reconciling China’s rise with continued openness in the global economic order. 8. Arvind’s conclusions are clearly contentious and contestable. However, in the best practice of intellectual integrity: (i)  He clearly lays out his assumptions about US and Chinese growth rates.