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China's Economy Set to Overtake U.S. Earlier Due to Covid Fallout

  • CEBR now forecasts China will surpass U.S. in size in 2028
  • India will also climb up rankings over the next decade
Pedestrians walk past a Chinese flag in the Lujiazui financial district in Shanghai on Dec. 1.
Pedestrians walk past a Chinese flag in the Lujiazui financial district in Shanghai on Dec. 1.Photographer: Qilai Shen/Bloomberg

The Chinese economy is set to overtake the U.S. faster than previously anticipated after weathering the coronavirus pandemic better than the West, according to the Centre for Economics and Business Research.

The world’s biggest and second-biggest economies are on course to trade places in dollar terms in 2028, five years earlier than expected a year ago, it said on Saturday.