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Kamrany and Frank Jiang The International Monetary Fund IMF , the most prestigious international financial institution in the world, has rated China's ranking to number one economic superpower in the world -- surpassing those of the United States based upon the purchasing power parity of GDP indicator gross domestic product. Moreover, China's performance has inspired other low and middle income countries to emulate China's approach and engage in growthmanship including many middle income countries of Latin America such as Brazil, Argentina, Columbia and India which also has a large population like China. However, China's rapid GDP growth coupled with low fertility rate number of children per women will boost China's per capita income to high marginal annual growth paving the way for its convergence, in less than two decades, to the level of high income countries as estimated by USC researchers 3. It follows that the GDP gap between China and other countries will further widen in the future. Instead in , China inaugurated a major international economic development program by financing infrastructure projects in the historical silk route countries. It is engaged in financing economic infrastructure projects in the silk route countries with positive ROI for China and the recipient countries.
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