China celebrates remarkable transition at XXIX Olympiad; Economy forecast to be world’s largest from 2015 - regaining position it lost in 1890
Aug 11th, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
China's spectacular Opening Ceremonies of the XXIX Olympiad was as expected, a showcase of its remarkable transition into a modern economic and political powerhouse. Claimed to be the most-watched event in television history, with four billion people around the globe viewing the events, the Chinese people were entitled to feel proud about a symbol of the transformation of their country from decades of chaos and abject poverty. China had the world’s largest economy until 1890 and it is expected to regain that position from 2015.