Its time China joined the Group of Seven

Two weeks ago, the Chinese government announced that it would be building more than 40 new airports and develop 10 new sea port facilities by 2010 in anticipation of a rapid demand for the transport infrastructure by its ever expanding manufacturing industry.
This news comes in the wake of reports that China has leap flogged Britain as the world’s fourth largest economy. China’s economy has been growing at a steady rate of 9.5% for the last two decades to stand at £1.13 trillion (R12.6 trillion), putting it a whisker ahead of the UK’s economy, which weighed in at £1.11 trillion according to official exchange rates used by the Bank of England.
Goldmans Sachs forecast they would enjoy strong growth over the next 30 to 50 years, by which time only the US would still be ahead on pure size.
In its analysis it says the leading economies by 2050 will be as follows in terms of GDP

1. China $44.5 trillion
2. US. $35.2 trillion
3.India $27 trillion
4. Japan $ 6.7 trillion
5. Brazil $ 6.1 trillion
6. Russia $5.9 trillion
7. Britain $3.8 trillion World’s largest economies in 2050

With these figures in mind, is it time for China to join the group of seven and replace the lesser country Canada? I guess its time we let the dragon in.
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