11/16/2010 10:50 am ET | Updated May 25, 2011

Diane Sawyer China Report By The Numbers (VIDEO)

Diane Sawyer is reporting from China this week, highlighting how the rapid economic and population growth in the country is changing both China and the world.

As Sawyer reports, China's development has spurred massive development. There will be more Chinese university graduates than there will be from India and the U.S. combined this year, and China is spending $100 billion on infrastructure, double what Obama has requested. However, 700 million people survive on less than $2 each day.

Chinese President Hu Jintao unseated Obama as the world's most powerful person on Forbes' annual list, and during a recent tour of Asia, Obama's global limitations were highlighted in frustrating outcomes from the G20 summit in South Korea.

Watch Sawyer explore these contradictions against the backdrop of ChIna's immense skyline, an impressive building feat that took a mere 20 years to construct.