Burton Malkiel, the esteemed professor of economics at Princeton University, says the big growth story in the coming years will be China, and within 20 years, its economy with overtake that of the U.S., sister publication On Wall Street reports.

Malkiel argues that it’s the world’s third-largest trading nation, a major international investor, a major consumer of luxury goods and has 400 million wireless phone users, expected to grow to 600 million by 2011.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.