When is China s economy expected to surpass that of the United States?

Updated on Financial 2024-08-06
9 answers
  1. Anonymous users2024-02-15

    In October 2014, according to the World Monetary Organization, China had surpassed the United States to become the world's largest economy in terms of purchasing power.

    With an average annual growth rate of 7%, China will surpass the United States to become the world's largest economy in terms of GDP by 2023. If it grows at a rate of 8%, this time will be brought forward to 2020.

    At that time, the per capita income will probably reach the level of the upper-middle-developed countries, and our economy will reach the total size of the third to six economies combined, and the Chinese economy, like the American economy, will account for about 19% of the world's economy, which is a very large volume, but in fact we will reach this goal very quickly.

    During the 1*****3th Five-Year Plan period, China will become the world's largest economy, and the gap between China and the United States in terms of comprehensive national strength will continue to narrow. During this period, the level of economic and social development in China was roughly similar to that of the United States in the 1940s and 1950s. From the perspective of per capita GDP, at the end of the "13th Five-Year Plan", China was roughly at the level of the United States in the early 50s of the last century.

    From the perspective of various indicators, the average growth rate of China's economy during the "13th Five-Year Plan" period will be about 7%, the overall price level will be maintained between, industrialization has entered the middle and late stages, and China's per capita GDP will exceed 10,000 US dollars in 2020, initially reaching the per capita GDP level of moderately developed countries, and achieving the overall goal of a better-off society at a higher level.

  2. Anonymous users2024-02-14

    In the fifties of this century, it may surpass the United States and become the world's largest in terms of economic aggregate.

  3. Anonymous users2024-02-13

    Maybe soon, maybe a few more years! , look at natural disasters and man-made disasters.

  4. Anonymous users2024-02-12

    It is difficult to calculate exactly, but it is generally believed that the difference is about 10 years. In many high-tech aspects, it's close.

  5. Anonymous users2024-02-11

    GDP temporarily surpassed the U.S. in the second quarter of 2020, but it bodes well for the future that it may soon surpass the U.S.

  6. Anonymous users2024-02-10

    The latest one we saw** was when Goldman Sachs Chief Economist Jim O'Neal said in April 2009 that China would most likely overtake the United States in 2027. Goldman Sachs' ** is calculated on a constant basis, i.e. it does not take inflation into account.

    At present, the overall judgment is that the financial crisis has accelerated the rise of China's economy. This is because while China's economic growth has slowed, other major economies have fallen into deep recessions, highlighting China's position in the world economy, and the pace of structural adjustment has accelerated. According to the analysis, China's economy will grow by 8% in 2009, and the total economic volume is likely to catch up with or surpass that of Japan (if the yen does not appreciate strongly), which will be about one trillion US dollars.

    In another five years, by 2014, China's economy will be 50% of that of the United States (2008). At that time, China's total GDP will reach trillions of yuan (International Monetary Organization**, China's economy will grow annually in the next five years, converted into US dollars will reach trillion US dollars, and per capita GDP will be 5,913 US dollars. According to the US dollar exchange rate, China's economy will grow at an average annual rate in 2005 and 2050, and will grow at an average annual rate in RMB or PPP terms.

    By then, China's economy would reach a trillion dollars (in 2005 dollars**). In addition, PwC's per capita GDP will reach US$23,534 in 2050 at market exchange rates** (only equivalent to that of the United States). According to this projection, China's economy will be 35 trillion US dollars (with a population of 1.5 billion).

    By 2069, China's economy will exceed $100 trillion (GDP per capita is close to $70,000). PwC's ** has a certain basis. In the past 30 years, the world economy has grown at an average annual rate, and taking into account factors such as scientific and technological progress, the world economy will continue to maintain the above level of growth for a long time to come, and China's economy will also enter a relatively stable stage of development.

    We believe that China's rapid economic growth will continue until around 2020, when China's industrialization, urbanization and marketization will basically come to an end. The prerequisites for achieving the above goals are: no global war from outside; There is no violent social activity within the country**; There are no major mistakes in macroeconomic policy.

    At that time, China's economy will once again show its historical glory, and its total economic output will very likely surpass that of the United States. As can be seen from the above data, in 1880, China and the United States were equal in economic strength, and after that the gap between the two countries began to widen. The 50s to 70s of the 20th century was the period of China's lowest economic growth.

    After the 80s, China's economy began to catch up with the United States, and by 2030, China will surpass the United States, and the economic aggregate of China and the United States will return to the same state as in 1880.

  7. Anonymous users2024-02-09

    China's total economic output can surpass that of the United States by 2024!

  8. Anonymous users2024-02-08

    has been exceeded, as soon as the unified chicken game comes out, the universe is invincible.

  9. Anonymous users2024-02-07

    Will China's economy surpass that of the United States? Expert: Don't talk too much, there is still a long way to go.

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