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In November, a forecast from Bloomberg Economics suggested that China’s GDP might not overtake the U.S. until the mid-2040s, and that any lead will be slim and brief. Economists cited China’s ...
China will overtake the United States to become the world's biggest economy in 2028, five years earlier than previously estimated due to the contrasting recoveries of the two countries from the ...
But does that mean China has lost its chance to ever overtake the United States? Here's a closer look. ... While China's GDP has risen to 5% in 2023, the country's potential troubles don't end there.
A potential superpower is a sovereign state or other polity that is speculated to be or have the potential to become a superpower; a sovereign state or supranational union that holds a dominant position characterized by the ability to exert influence and project power on a global scale through economic, military, technological, political, or cultural means.
China's nominal GDP surpassed that of Italy in 2000, France in 2005, the United Kingdom in 2006, Germany in 2007, Japan in 2010 and that of the Eurozone in 2018 making China the world's third largest economy after the European Union and United States. [6]
[2] [3] The phrase is used particularly in association with the idea that the economy of China may overtake the economy of the United States to be the largest in the world. [4] [5] A similar term is China's rise or rise of China (simplified Chinese: 中国崛起; traditional Chinese: 中國崛起; pinyin: Zhōngguó juéqǐ). [6] [7]
China’s economy expanded by 5% year on year in 2024, with an upswing in the final quarter of the year, as a flurry of stimulus measures kicked in and helped meet Beijing’s growth target.
It accounted for 25.4% of global GDP in 1 CE, 29% of world global output in 1600 CE, 17.3% of the world's economy in 1870, and 33% in 1820 (its highest point). China's share of global GDP varied from a quarter to a third of global output until the late 19th century.