Chinese Characteristics

Wei Yen

Chapter 2 in From the Great Wall to Wall Street, 2017, pp 7-22 from Springer

Abstract: Abstract In Global Trends 2030, the US National Intelligence Council predicts China will surpass the US before 2030 to become the world’s largest economy, if gross domestic product (GDP) is measured by the market exchange rate method, and even earlier (in 2022) if GDP is measured by the purchasing power parity method. Even though China’s ongoing economic rebalancing has made forecasting its GDP a hazardous exercise, it seems reasonable to speculate that one day China will regain the status as the largest economy in the world, just on account of its massive population, and continuing efforts to reform.

Keywords: Gross Domestic Product; Chinese Culture; Chinese People; Soft Power; Traditional Chinese Culture (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-319-33008-2_2

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DOI: 10.1007/978-3-319-33008-2_2

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