When Will China Overtake the U.S. Economically? [View article]
Good analysis. Just that exchange rate not considered. Now RMB is appreciating against USD at an annual pace of about 10% and, if Chinese government does not control it, RMB will rise much faster. So if China can grow 10% in the next 10 years while RMB appreciates at a speed of 10%, China might overtake US in 10 years.
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Good analysis. Just that exchange rate not considered. Now RMB is appreciating against USD at an annual pace of about 10% and, if Chinese government does not control it, RMB will rise much faster. So if China can grow 10% in the next 10 years while RMB appreciates at a speed of 10%, China might overtake US in 10 years.
Feb 26 08:31 am
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