Date
24 October 2017

China to become largest economy in 15 years, report says

China is expected to overtake the United States in 15 years to become the world’s largest economy, Xinhua news agency reported Thursday, citing a research study. The London-based Center for Economics and Business Research (CEBR) said in its annual report that China’s gross domestic product in US dollars would be greater than that of the US in 2028. “This is later than some analysts have suggested and reflects the continuing performance of the US as the West’s strongest economy and the slowing down of the Chinese economy,” CEBR was quoted as saying. Based on CEBR’s forecasts, India will overtake Japan in 2028 to become the world’s third largest economy, the report said.

– Contact HKEJ [email protected]

CG

 

 

EJI Weekly Newsletter

Please click here to unsubscribe