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China 2050
China's economy has grown at an average of 9-10% annually for 30 years, allowing it to become the second largest economy in the world behind only the United States. If China maintains 7% growth, its economy will double in size within a decade and surpass the current size of the American economy, making China the world's largest economy, possibly as early as 2014 according to IMF projections. Over the next 50 years, China is expected to undergo further dramatic shifts that will impact not only its domestic situation but also the global economy.
China 2050
- 1. Figure 4. Illustrationof economic and demographic growth of six countries/regions up to 2050 (after Goldman Sachs, 2003)
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- 9. When will Chinabecome the world's largest economy? With annual GDP growth rates of 9-10% for 30 years, China has quickly become the second largest economy in the world, overtaking all but the United States. Even with China slowing, its economy is still expanding at double the pace of America's. The power of compound growth, growing at 7% means the Chinese economy will double in size in about a decade. That would bring the Chinese economy to the same size as America's is now.
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- 11. CHINA AT 2050 (CNN)-- Since the establishment of the People's Republic in 1949, China has gone through some of the most dramatic changes in its history. Analysts believe the next 50 years will bring another series of radical shifts in China, affecting its people, its government and the world.
- 12. MAHFİ EĞİLMEZ The RiseAnd Fall Of Economies
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- 14. • China ispoised to overtake the US as the world's largest economy this year, earlier than expected. • "The United States remained the world's largest economy, but it was closely followed by China when measured using purchasing power parity," the ICP said in its report. • According to expectations from the IMF for growth between 2011 and 2014, that would put China ahead of the US this year.