China Is Unlikely To Become The World’s Largest Economy Anytime Soon

in #china5 years ago

China was the great growth story the past 3 decades. It was the one reason the global economy recovered from the economic collpase a decade ago.

There are many who are forecasting that the #2 economy will pass the United States within a decade. That is not likely to happen.

China's growth is slowing. This is causing problems for the country since the amount of debt exploded over the past decade. The ratio of debt to gdp is at 250%.

This is simply a situation that could see a popping of the credit bubble. If that happens, we will see a global recession.

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in 2032 China will be the new world economy.

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