But the other great challenge we face is the historic and unprecedented expansion of China. I have been visiting China for thirty-five years and have witnessed the astonishing transformation of China from being a very poor and backward nation to being the richest and most powerful nation on earth.
This poses challenges for the rest of the world and especially for a weak and declining economy such as the newly liberated 'Global Britain'. Sending an aircraft carrier to the South China Sea is ridiculous and humiliating. And now, with the help of the U.S. we are to help Australia to build three new nuclear powered submarines to 'keep China in check'.
CORRECTION: SINCE 2008 CHINA HAS BUILT 25,000 MILES OF HIGH SPEED RAIL, NOT 45,000 AS I INCORRECTLY STATED – APOLOGIES.
Th richest cities in the world according to number of resident billionaires are the following:
Beijing – 100
New York - 99
Hong Kong - 80
Moscow – 79
Shenzhen - 68
Shanghai - 64
London - 63
