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IMF Predicts China's Economy to Overtake US in 2016

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IMF Predicts China's Economy to Overtake US in 2016

by CFO Innovation Asia Staff, 27 April 2011
topics:
Management
tags:
GDP International Monetary Fund
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China's economy will exceed the United States' in 2016, predicts the International Monetary Fund (IMF).

 

Basing its forecast on "purchasing power parities," the IMF says China's GDP will rise from $11.2 trillion in 2011 to $19 trillion in 2016, while the US' economy will increase from $15.2 trillion to $18.8 trillion.

 

Correspondingly, China's share of the global economy will increase from 14 percent to 18 percent, while the US' share will drop to 17.7 percent.

 

 

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