China's GDP compared to it's population is interesting. 3-4 times the population of the US but 80% of the GDP. To me it only seems natural that they will eventually overtake the United States in GDP. India should too, as should the EU
It's hardly that simple. China/Korea/Thai/Vietnam/India... were economically at the same level at the turn of WWII - India was probably in better shape. Now India is comparable only to S-Saharan Africa (and other S.Asian countries), in terms of educational attainment/malnourishment ...
Systems matter; it's not surprising that deeply colonized countries remain basket cases. It's likely that China will be the last nation to "re-industrialize" in the near term.