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Chinese Characteristics

In: From the Great Wall to Wall Street

Author

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  • Wei Yen

Abstract

In Global Trends 2030, the US National Intelligence Council predicts China will surpass the US before 2030 to become the world’s largest economy, if gross domestic product (GDP) is measured by the market exchange rate method, and even earlier (in 2022) if GDP is measured by the purchasing power parity method. Even though China’s ongoing economic rebalancing has made forecasting its GDP a hazardous exercise, it seems reasonable to speculate that one day China will regain the status as the largest economy in the world, just on account of its massive population, and continuing efforts to reform.

Suggested Citation

  • Wei Yen, 2017. "Chinese Characteristics," Springer Books, in: From the Great Wall to Wall Street, chapter 2, pages 7-22, Springer.
    • Handle: RePEc:spr:sprchp:978-3-319-33008-2_2
    DOI: 10.1007/978-3-319-33008-2_2
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