A new study says China's economy will surpass the United States by 2035, and double by mid-century.
study released Tuesday by a Washington-based research institute
predicts that China's economic growth is driven by domestic demand, and
For that reason, the report's author Albert Keidel
says strong growth will continue into the 21st century regardless of a
downturn in the world market.
China's economy has grown at an
average annual rate of more than 10 percent over the last decade. The
country's Gross Domestic Product currently ranks fourth behind the
United States, Japan and Germany based on 2007 figures.
is an expert on China's economy at the Carnegie Endowment for
International Peace. He formerly held positions at the U.S. Treasury
Department and the World Bank.
Some information for this report provided by AFP.