This article here talks about how PetroChina has overtaken Exxon-mobile as the biggest oil company in the world. China has had incredible market growth and is quickly becoming a force to be reckoned with.
How soon will "Made in China" be considered "Made in Japan" or "Made in America" for that matter? Once upon a time, Japanese manufactured items were cheap and the country to be 'used' by more modern and advanced countries to exploit. We have since moved to China, India, and others for this exploitation since Japan has evolved to be a market competitor (take Toyota for example). How long will it take China to step up just as Japan did, and what country will we exploit next? Eventually, won't we run out of 3rd-world countries to make all of our cheap stuff for nothing?