Chinese GDP could overtake the U.S. as soon as the early 2020s. Chinas growth will be underpinned by a rapid expansion in emerging market economies, which will account for about 70% of global GDP growth in the coming decade, Deutsche Banks Chief Economist for Greater China, Jun Ma, told an investment conference in Hong Kong, By the early 2020s, China will over[take] the U.S. in terms of GDP, Ma said, noting the forecast is dramatically stepped-up from his views two years earlier. Chinas nominal GDP growth could surpass that of the United States within ten years, a period which will likely be accompanied by a gradual appreciation of the yuan, Ma said. LEARN MORE
Posted on: Tue, 04 Mar 2014 20:04:35 +0000
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