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Konu Konu: China’s Economy Set to Overtake U.S. Earl Yanıt YazYeni Konu Gönder
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Kayıt Tarihi: 13-Kasım-2019
Gönderilenler: 495
Gönderen: 11-Ocak-2021 Saat 10:07 | Kayıtlı IP Alıntı xysoom

China's Economy Set to Overtake U.S. Earlier Due to Covid
Fallout


The Chinese economy is set to overtake the U.S. faster
than previously anticipated after weathering the
coronavirus pandemic better than the West, according to
the Centre for Economics and Business Research.To get
more <b><a
href="https://www.shine.cn/biz/economy/">economy news
today</a></b>, you can visit shine news official website.

The world’s biggest and second-biggest economies are on
course to trade places in dollar terms in 2028, five
years earlier than expected a year ago, it said on
Saturday.

In its World Economic League Table, the consultancy also
calculated that China could become a high-income economy
as soon as 2023. Further cementing Asia’s growing might,
India is set to move up the rankings to become the No. 3
economy at the end of the decade.Chinese President Xi
Jinping said last month it was “entirely possible” for
his economy to double in size by 2035 under his
government’s new Five-Year Plan, which aims to achieve
“modern socialism” in 15 years.

China was the first economy to suffer a pandemic blow,
but has recovered swiftly, according to government data.
That should prompt Western economies to pay much more
attention to what is happening in Asia, according to the
report.

“Typically, we compare ourselves with other Western
economies and miss out on what often is best practice,
especially in the rapidly growing economies in Asia,” it
said.
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