PwC report predicts China's economy to exceed us in 10 years

Source: Internet
Author: User
Keywords China China
Tags 2020 years data economy international monetary top ten world
London, January 20 (Xinhua) China will overtake the US as the world's largest economy in 2020 years, the report predicts 20th. According to PwC, the world's top ten economies will be ranked by 2030: China, the US, India, Japan, Brazil, Russia, Germany, Mexico, France and the UK.  According to the 2008 data of the International Monetary Fund, the world's top ten economies are: The United States, Japan, China, Germany, France, Britain, Italy, Russia, Spain, Brazil. "China is likely to become the world's largest economy as early as 2020 and will likely continue to lead the US by 2030," said John Hoxworth, head of PwC's macroeconomic department.  "By 2030, China, the US, the European Union and India will share 19%, 16%, 15% and 9% per cent of global GDP, compared with 13%, 20%, 21% and 5% per cent in 2010." "After 2020, India's economy will grow faster than China and will rise faster in the world's GDP rankings, as India's population is younger and its population is growing faster than China," says Hawke. ”

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