close
This ad will auto close in 10 seconds

China to surpass US as world’s largest economy?

China will surpass US as the largest economy in less than 16 years, a Chinese economist predicts.



Beijing: China will surpass the United States as the largest economy in less than 16 years, a Chinese economist has predicted.

Qian Yingyi, the dean of the School of Economics and Management (SEM) of the Tsinghua University, said that China would become the world’s largest economy “almost surely before 2020 in terms of purchasing power parity (PPP)”.

“If the real growth rate difference between China and the United States remains at least five percent and the yuan appreciates at an annual rate of at least two percent relative to the US dollar, then China will overtake the United States in less than 16 years or before 2025,” Xinhua quoted Yingyi, as saying.

Yingyi made the remarks at the 16th World Congress of the International Economic Association (IEA) held at the Tsinghua University in Beijing.

The five-day congress was attended by world-renowned economists, including Joseph E. Stiglitz, Eric Maskin, Masahiko Aoki and Wu Jinglian.

ANI

From Zee News

0 Comment - Join the Discussions

trending

photo gallery

video


WION FEATURES

K8 Plus: Lenovo's new phone available @ Rs 10,999

Heavy security outside Dera Sacha Sauda headquarters in Sirsa as search operation begins

WATCH Exclusive: After Doklam standoff, India begins road construction near LAC

Hurricane Irma, rampaging through Caribbean, is most enduring super-storm on record

Three train derailments in 1 day, fourth accident narrowly-averted

China says Indian Army chief's views contrary to those expressed by Modi, Xi