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China to leapfrog U.S. as world’s biggest economy by 2028, report says

Summary:
China will overtake the United States to become the world’s biggest economy in 2028, five years earlier than previously estimated due to the contrasting recoveries of the two countries from the Covid-19 pandemic, a think tank said.The CEBR said China’s “skillful management of the pandemic,” with its strict early lockdown, and hits to long-term growth in the West meant China’s relative economic performance had improved.The Japan Times China to leapfrog U.S. as world's biggest economy by 2028, report says

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 China will overtake the United States to become the world’s biggest economy in 2028, five years earlier than previously estimated due to the contrasting recoveries of the two countries from the Covid-19 pandemic, a think tank said.

The CEBR said China’s “skillful management of the pandemic,” with its strict early lockdown, and hits to long-term growth in the West meant China’s relative economic performance had improved.

The Japan Times 


China to leapfrog U.S. as world's biggest economy by 2028, report says

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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