Keeping Tabs on China's Growth
With each passing year, China's hyper-growth story continues to inspire a mixture of awe and fear among commentators and business executives in the West. And I expect a forecast released on May 22 by the global accountants PricewaterhouseCoopers will ratchet up anxiety levels even more. In a crystal ball macro-economic modeling exercise, Pricewaterhouse sees China overtaking the U.S. as the world's biggest economy by 2050 if you adjust currency exchange rates to match forecasted living standards mid-century or so.
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