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Wednesday, April 17, 2024

China’s economy could double in size by 2035 — and surpass the U.S. along the way

  • Chinese President Xi Jinping said last November that it was possible to double the country's gross domestic product by 2035.
  • Some observers said that may be hard to achieve, but Helen Qiao, head of Asia economics at BofA Global Research, said some reform measures would help China to get there.
  • In addition to doubling its economic size, China would surpass the U.S. as the world's largest economy around 2027-2028, added Qiao.

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