China is now the World's Largest Economy!

The world is changing and it is changing fast! According to the International Monetary Fund (IMF), China just overtook the US as the world's largest economy. This comes as a surprise as just few years ago, most economic analysts predicted this will happen around 2020.

By the end of 2014, China will make up 16.48% of the world's purchasing-power adjusted GDP (or $17.632 trillion), and the US will make up just 16.28% (or $17.416 trillion).

So, starting this year, the USA loses the first position FOR THE FIRST TIME since 1872, when they overtook the British economy.

Are we about to face a "new world order"?

Will other emerging economies overtake Europe and USA as well?