- Jun 2015
Britain today is a basket case and lacks the economic power of China today.
And better than other big developed economies in these metrics too (such as France, Germany, Italy, even the US on some measures). Not bad for a basket case....
China just has a large economy, and its only globally big firms are state-backed. BP and Shell still have bigger scope than Sinopec does. Sinopec is only big due to Chinese oil deposits, or Chinese oil projects in Africa or the South China Sea and such.