Containers are stacked up in a port in China's Jiangsu province. The country still has a ways to go before it becomes the world's No. 1 economy. Photo: AFP Containers are stacked up in a port in China's Jiangsu province. The country still has a ways to go before it becomes the world's No. 1 economy. Photo: AFP
Containers are stacked up in a port in China's Jiangsu province. The country still has a ways to go before it becomes the world's No. 1 economy. Photo: AFP
David Brown
Opinion

Opinion

Macroscope by David Brown

China’s claim to No 1 economy is lacking without global clout

China has great potential to expand domestic consumption in future, but turning the nation into a consumer-led economy like the US is not going to happen overnight

Containers are stacked up in a port in China's Jiangsu province. The country still has a ways to go before it becomes the world's No. 1 economy. Photo: AFP Containers are stacked up in a port in China's Jiangsu province. The country still has a ways to go before it becomes the world's No. 1 economy. Photo: AFP
Containers are stacked up in a port in China's Jiangsu province. The country still has a ways to go before it becomes the world's No. 1 economy. Photo: AFP
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David Brown

David Brown

David Brown is the chief executive of New View Economics. Over a career spanning four decades in London, David held roles as chief economist in a number of international investment banks.