China To Overtake US As World's Largest Economy By 2032

Even as China’s credit-fueled boom – which helped it surpass Japan in 2011 to become the world’s second-largest economy – is losing its efficacy as new credit creation is now failing to drive economic growth as we pointed out last week (and many times before that), many economists believe it will eventually surpass its western rivals and become the world’s largest economy.

Case in point: A report published by a UK think tank posits that China will surpass the US to become the world’s largest economy by 2032. Meanwhile, Asian countries will comprise four of the world’s five largest economies, according to Bloomberg.

The report, published by the London-based Center for Economics and Business Research, also sees India leapfrogging the U.K. and France next year to become the world’s fifth-biggest economy.

By 2027, it will have moved to third place, moving ahead of Germany.

In 2032, three of the four largest economies will be Asian - China, India and Japan. Interestingly, India’s advance won’t stop there: According to the CEBR, the South Asian country will steal the No. 1 spot from China by mid-century. Also by 2032, South Korea and Indonesia will have entered the top 10, supplanting Italy and Canada - two members of the Group of Seven.

Comments

khnum Tue, 12/26/2017 - 15:54 Permalink

They're welcome to it my country just scrapes into the G20 but at least you can breathe here and see the next building across from you without smog blocking it out 

aliens is here Tue, 12/26/2017 - 15:59 Permalink

If China is so great then why are millions of their citizens lining up to move to the US or having babies here? They should just stay home and watch their country over takes us.

FORD_FIESTA Tue, 12/26/2017 - 16:04 Permalink

"If China is so great then why are millions of their citizens lining up to move to the US or having babies here?"They are trying to avoid the rush.....With the Fucking Idiots in washington running this country into the ground, it won't be too much longer, you'll be bending at the waist.

directaction Tue, 12/26/2017 - 16:12 Permalink

Old news. China's economy surpassed the United Satans earlier this decade. By 2032 China's economy will be double that of the Great Satan.Or maybe even triple.  

bh2 Tue, 12/26/2017 - 16:46 Permalink

Being the "largest" economy is not evidence of anything but size. China also, long ago, had the world's largest economy but the standard of living was well below that of industrialized nations just beginning to take off in earnest.

Captain Nemo d… bh2 Tue, 12/26/2017 - 17:06 Permalink

For quality of life issues, ideally the per-capita figure should be key. However some factors depend on size as well.- Wars are not fought on a per-capita basis. If A had 10 jets with a million population while B had only 20 of the same with a 3 million population, B would probably win.- Influence depends on size. A small company that made, say, $20000 per employee wields much less influence over suppliers than a multinational which makes, say, $10000 per employee.Still, in cases like India versus UK where population difference is huge, per-capita tells an important and entirely different story. 

In reply to by bh2

uhland62 Captain Nemo d… Tue, 12/26/2017 - 18:58 Permalink

India keeps shooting itself in the foot through the caste system. If they cannot address the air pollution in their capital which makes people sick, they really cannot find a way out of a wet paper bag.It's been said for yonks that India is the biggest democracy in the world and will ..... pull the other one. Democracy is not the begin and end all of economic success.The caste system is in the surname, and that determines the hiring by employers, not merit. 

In reply to by Captain Nemo d…

Brazen Heist Tue, 12/26/2017 - 17:03 Permalink

Maybe we can also have a reshuffle of the UN, away from the Anglo-Zionist love-fest, the small undemocratic minority trying to steer the agenda of the majority towards their mental disease called Chosenitis.

JibjeResearch Tue, 12/26/2017 - 17:23 Permalink

That list is good, but misleading practically.1. USA2. Euro3. China4. Japan5. England6. India7. Brazil8. Canada9 Russia (SCO (Central Asia only): because of proximity, this group could rise if they agree on a common currency)10. Korea

bornlastnight Tue, 12/26/2017 - 17:32 Permalink

"China To Overtake US As World's Largest Economy By 2032"Yeah, and Trump was supposed to lose to Hillary and the world was supposed to end in December 2012 too.  Another POS article from Bloomberg about some think tank that can't even predict accurately the next time they will shit let alone how the world economy will look like in the next 15 years.