China's economy "over the Group of Seven by 2050"
A report of the Foundation PriceWaterHouse for investments and business, it is expected that the Chinese economy is growing so quickly that it may exceed all the developed countries by 2050.
According to the report is expected to double the size of the giant Asian economy between 2005 and 2050.
The report adds that the motive for China, like other developing countries, partly due to the small workforce in the age and cheap.
It is expected that in the meantime become India's fastest growing economy in the world.China's recovery
The report builds on the analysis of the economic growth forecast on the basis of purchasing power.This number identifies the size of the economy compared to the price of goods and services locally.
While the Chinese economy now stands at 18% of the size of the U.S. economy compared to the dollar, that amounted to 76% of the U.S. economy relative to purchasing power.
The Foundation believes that the Chinese economy had become by 2050 the largest of the U.S. economy by 43% compared to purchasing power - and that would have been without the U.S. economy relative to the dollar.
The Foundation says that compared to purchasing power, they end up to become the German economy and the British and French is smaller than the size of the Mexican economy in the Russian economy.
It is expected to be resolved, India and Brazil replaced the Japanese and German economies by the year 2050. The Japanese economy and the German economy occupy the second and third respectively after the U.S. economy.
A report of the Foundation PriceWaterHouse for investments and business, it is expected that the Chinese economy is growing so quickly that it may exceed all the developed countries by 2050.
According to the report is expected to double the size of the giant Asian economy between 2005 and 2050.
The report adds that the motive for China, like other developing countries, partly due to the small workforce in the age and cheap.
It is expected that in the meantime become India's fastest growing economy in the world.China's recovery
The report builds on the analysis of the economic growth forecast on the basis of purchasing power.This number identifies the size of the economy compared to the price of goods and services locally.
While the Chinese economy now stands at 18% of the size of the U.S. economy compared to the dollar, that amounted to 76% of the U.S. economy relative to purchasing power.
The Foundation believes that the Chinese economy had become by 2050 the largest of the U.S. economy by 43% compared to purchasing power - and that would have been without the U.S. economy relative to the dollar.
The Foundation says that compared to purchasing power, they end up to become the German economy and the British and French is smaller than the size of the Mexican economy in the Russian economy.
It is expected to be resolved, India and Brazil replaced the Japanese and German economies by the year 2050. The Japanese economy and the German economy occupy the second and third respectively after the U.S. economy.
