HSBC predicts China will become the largest economy in 2050

BEIJING, March 21 (Siliming) today, the China Development Forum will continue in Beijing in 2011, with the seventh module "International cooperation under the new global economic framework" as the theme.　　HSBC's chief executive, Gulliver, said in a statement that HSBC expects China to overtake the US as the largest economy by 2050.　　Gulliver said HSBC forecast 2050, the global economic landscape will change dramatically and emerging markets will have a larger economy than developed markets, and in fact by 2050, 19 of the world's 30 largest economies will be the emerging economies, and by 2050 China will overtake the US as the largest economy. Gulliver also said that the development of financial markets China will continue to play its role in China's economic take-off in the past 30 years. Talking about the future, we have to talk about Japan's disaster, in the short term, will suffer losses, oil, gas commodities will increase prices, but will then ripple around the world. Japan's strong savings rate of international standards, as well as developed financial and capital markets, including mature insurance, equities and bonds, are the backbone of Japan, which also underscores the importance of developed financial markets for national growth and disaster response.