China has already surpassed the US in the global competition sweepstakes and is on track to extend its lead.

No, I'm not talking about some pie in the sky 2030 or 2050 forecast from some hole in the wall research boutique. I'm referring to right now, today, this minute. At the end of 2009, America could boast a GDP of $14.2 trillion, while China's stood at $4.9 trillion.

The Middle Kingdom will grow by at least 10%