It may seem surprising, in light of subsequent developments, that in 2001 Goldman Sachs was only predicting: ???If the 2001/2002 outlook were to be repeated for the next 10 years, then by 2011 China will actually be as big as Germany on a current PPP basis.??? (O'Neill, 2001) By 2011 China???s GDP is in fact larger than every country in the world except the US.