Tuesday, July 8, 2008

China's economy to become world's biggest in 2035: study

China's economy to become world's biggest in 2035: study

 

China's economy will overtake that of the United States by 2035 and be twice its size by midcentury, a study released Tuesday by a US research organization concluded.

The report by economist Albert Keidel of the

International Peace said China's rapid growth is driven by domestic demand more than exports, and will sustain high single-digit growth rates well into the 21st century.

"China's economic performance clearly is no flash in the pan," Keidel writes.

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