By 2035 this country will become a superpower, the engine of the world economy
Currently China is the second largest economy in the world. But in the next 11 years, China will overtake America and become the world’s number 1 economy. A think tank report has revealed that China’s growth will lead the world economy and it will become the world’s top economy by 2035. This report has been prepared by think tank experts from America, Russia, Canada, India and China.
According to Chinese media, think tank experts estimate that if China maintains a GDP growth rate of 5 percent per year for the next 5 years and continues with a growth rate of 4 percent by 2035, China will overtake the US. .
China’s economy will overtake America’s
The report said that China’s growth rate is moving faster than that of America, so it is estimated that America will not remain the top economy by 2035. China has set a target of 5 percent growth in its GDP for 2024, which is much higher than the expectations of some international organizations. China’s economy grew 5.2 percent last year, exceeding its target.
China has been the world’s top economy for 40 years
Experts believe that China is investing more than America and if it invests even 40 percent of its GDP, its GDP will increase by 5 percent. This means that China’s economic growth rate will be higher than that of the United States and the European Union. China has been and will continue to be a major component of global economic growth for the last 40 years.
In the future, developing countries will become the main engine of the global economy.
The report said that developing countries will become the main engines of global economic growth. That means, the countries which are developing rapidly now will lead the global economy in the future and will be a major part of it. This country will play a major role in doubling the world GDP in the next 10 years.
Two years ago, international organization PwC had also released a report named ‘World in 2050’. It has been said that by 2050, America, China, India, Indonesia and Brazil will become the five superpowers of the world. However, the report said that even after 26 years, America will remain the world’s largest economy, but the report said that economies like India and Indonesia will overtake countries like Germany and Japan. Germany and Japan are not even in the top five in this list.
