The Rise of China in the Global Economy

Economist Jim O'Neill coined the phrase Breaks back in the early 2000s. His argument was that as high population countries industrialized and got richer, they would become increasingly important to the global economy. That has really played along with the narrative that China has been developing over the last 20 years. Now, if you actually look at the brick economies, I think China is about 70% of their total in terms of contribution to global GDP.