Shifting weight in global economic activity is likely to continue, but at a slower pace, mostly because of the slowdown in China
Mixed convergence during the opening up phase
Pervasive convergence largely due to China-centric growth
Convergence slowed post-GFC: GDP per capita relative to average GDP in the G7 (2009-16)
China's trade rebalances towards developing economies
Since the start of China's economic transformation, US manufacturing jobs have started to rebound
Wages in China are rising rapidly
China and India have increasingly contributed to global economic growth, yet at a slower pace during the last decade
Shifting wealth reversed the decade-long deterioration in terms of trade for many developing economies exporting commodities
Shifting wealth has triggered a shift in net wealth from advanced economies towards China and other large emerging economies
Emerging partners boosted policy options for Africa
China's economic growth helped diminish the share of global population living in extreme poverty
Income inequality rose in both China and India
During shifting wealth, growth accelerations appeared predominantly in developing economies
Evolution of the economic vulnerability index
Industry share in GDP has reverted from peaks in upper- and middle-income countries, but recently picked up in low-income countries
South-South trade is still dynamic, but China-centric
While South-South trade has expanded and become more China-centred, the LDCs have doubled their trade share with the South
China's imports became more balanced towards domestically used and marketed goods
China increasingly imports from regions other than East Asia
Remittances have been increasing with developing economies' GDP
In Africa, multilateral flows have substituted for official bilateral lending flows