China: 2020-2050
www.followcn.com China: 2020-2050 Foreword We are now at the start of 2017. As the world is celebrating the coming of 2017 among many possibilities, I am keeping an eye on an emerging superpower who is claiming to be in a dream of peace, development, cooperation and mutual benefit for all. China's GDP growth rate for 2016 as a whole will come in very close to 6.7%. The forecast for 2017 is clouded by the uncertainty in the United States over the economic and other policies to be adopted by Donald Trump when he assumes the office of President in January, according to a recent report by China Daily. China is still leading the world economy after thirty years of continuous development. Despite the many problems and concerns in the environment, corruption, government debt, soaring property markets, and others, there are positive signs as a source for domestic growth by private entrepreneurship, enhanced social well-being and family life under a more responsible government administration. This trend should continue in 2017, as governments at all levels are pushed hard to realize the national vision of creating an ecological civilization for many if not all. China is moving closer to its goal of building an all-round moderately prosperous society by 2020, inspired by the Chinese dream of the great rejuvenation of the Chinese nation, according to Xinhua News Agency. June 25th 2016, the Economist Intelligence Unit (EIU) in London released its long-term macroeconomic forecasts with key trends to 2050, stating that China will surpass the USA in gross domestic product (GDP) in 2026, and top ten economies in 2050 at the EIU’s projected market exchange rates, in descending order, will be China, USA, India, Indonesia, Japan, Germany, Brazil, Mexico, UK, and France.
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