China'S Economy Will Surpass The United States To Dominate The World In 5 Years.
According to media reports yesterday, international
currency
The latest official prediction of IMF shows that China
Economics
It is expected to overtake the US in 2016.
This is the first time IMF has issued such a prediction.
According to the prediction of IMF,
purchasing power
In terms of parity, China's GDP will rise from $11 trillion and 200 billion this year to $19 trillion in 2016, while the US GDP will increase from $15 trillion and 200 billion this year to US $18 trillion and 800 billion in 2016.
The data also show that in 1980, China's economy accounted for only 2.2% of the world's total economy, and by 2000, this figure jumped to 7%, currently around 14%.
According to IMF, China's share will rise to 18% by 2016, and it will still increase. The proportion of the US economy will be reduced to 17.7%.
But IMF said that even if China were to rule the roost, the United States would remain the world's largest market.
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