Wednesday 22 June 2011

Can China outgrow America?

China's economy is currently growing at 10% per annum, so it is almost inevitable that the Chinese economy will surpass the the American economy, the only question is when will it happen?
According to economists, China's economy should overtake the American economy by 2020 and due to China thriving in the recession compared with the American economy weakening, China's economy could surpass America's in the very near future.
It also estimated that by 2050 India will then overtake China with India's growth rates expected to be as high as China's previous

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