China to Seize Economic Crown From U.S. Years Early on Covid Success

Caixin Global | Jan 19, 2021 at 5:20 PM
  • Nikkei Asia — It’s a milestone heralding a long-expected pivotal shift in the global balance of power: China passing the U.S. as the world’s largest economy.
  • China’s recovery from the coronavirus is only expected to accelerate in 2021, with the government, the World Bank and the International Monetary Fund all expecting GDP growth of 8% or so.
  • The U.K.-based Center for Economics and Business Research also moved up its forecast for China overtaking the U.S. by five years to 2028 in a key report published in December.