 Europe is going to matter less and less, the world is going to become less and less familiar because it's going to become less and less western and in particular it's going to become more and more influenced by China. That is so different from anything we've had over the last 200 years. This is a huge historical change. The story of this era is the rise of China and China is going to shape the next century. If you're asking me what will happen in 200 years time or 300 years time, that's another story I don't know because it's too far ahead. The Chinese economy will overtake the American economy in size around about 2018. By 2050, the Chinese economy will probably be about two and a half times the size of the American economy. Imagine that. By 2030, some estimates suggest that the Chinese economy will account for one-third of global outfall, one-third of global GDP. We've got a much bigger than that of the United States. We shouldn't fantasise about other continents because that lies too far in the future. I'm not saying that China will be dominant forever because nothing is forever. We've assumed so long that Western dominance is forever. It is not forever. I think that Europe is going to face some very, very difficult questions about what it wants to be. The first question it's got to confront is a question it's not really confronting because it's always looking inwards. Europe's looked inwards for so long. In fact, Europe's been looking inwards in many ways for a very, very long phase of time because so much of the great colonial expansion and global expansion of Europe was actually about intra-European rivalry as well as expanding outwards. But now it's become very, very introverted. The whole preoccupation with the European Union is a form of introversion. As a result, I think it's lost contact. It doesn't have any longer a map of the world. It does not know what is happening in the world. It is not interested in China really. It is not curious about China. Where is Europe? In the lay by of history is what's happening. Or as a friend of mine in Shanghai who happens to be English said, Europe is sleepwalking its way into oblivion. These are harsh home truths. The first thing we have to do is to get out of this stupa and get real about the real world. I did a meeting last night in Amsterdam. I was struck by how many of the audience still were in this mindset really. They're quite shocking. They're quite shocked really by trying to come to terms with what's happening and they got all these prejudice about China. They don't know nothing about China. Nothing. But they've got all these kind of things, well China's this and China's that and so on. Get real. We've got to live in this world. This is what it's going to be like. Europe's got to go through this kind of paradigm shift. How is it going to get on? Well first of all let's see if we can do the paradigm shift. If we can't do the paradigm shift then a decline will be hastened because we won't even know what we're dealing with.