Financial Times sent shock waves through the U.S. business community last week when headlines announced that China will overtake the United States as the “world’s leading economic power this year,” a title we’ve held since we passed England in 1872. The previous date for this anticipated event was 2019. The grim announcement was based on figures compiled by the International Comparison Program, which is hosted by the World Bank. The awesome part of this fact, however, is that the Chinese are spending this big money to build their growing military arsenal. More