Brazil's richest man: China will soon produce half the world's GDP
In a wonderful interview with Charlie Rose, Brazil’s richest man, Eike Batista, says China will soon produce half the world’s GDP:
I think by the year 800 after Christ [China] had half of the world’s GDP. Charlie, I think in the next 20 or 30 years they’re back to the 50% of the world’s GDP. I really believe so. …They execute so well. They have their farming Ph.D.s, professors to material science. They’re putting patents out in all different sciences. It’s fascinating. I’ve been visiting car manufacturers, steel plants, railway car factories. CNR, China National Rail, in eight days they produce everything that Brazil needs for a whole year. It’s just so gigantic.
Posted by James on Tuesday, February 09, 2010