China’s dramatic and sustained economic rise over the past quarter-century has impacted the global economy and global geopolitics. In purchasing power parity (PPP) terms, China has become the world’s largest economy, while in terms of the US dollar, China is the second biggest economy. Its economic rise has altered the global balance of power. Consequently, all countries, big and small, have been re-adjusting their relations with China. Understandably, therefore, China’s rise has impacted South Asia. China’s gross domestic product (GDP) in purchasing power parity (PPP) terms has been estimated to. . .
