China's Economy Slowly Edges Toward World Dominance

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Tom Hancock

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CHINA-ECONOMY-OUTPUT-INDUSTRY-RETAIL-INVESTMENTS

China powered its way out of the coronavirus lockdown of 2020, becoming the only major economy in the world to grow last year. Its share of global output increased at the fastest pace in decades, which means it could overtake the U.S. as the world’s biggest economy sooner than expected. It’s now on target to take the top spot as soon as 2028 — about two years earlier than predicted, according to estimates from the Brookings Institute.

China's Economy Slowly Edges Toward World Dominance

China powered its way out of the coronavirus lockdown of 2020, becoming the only major economy in the world to grow last year. Its share of global output increased at the fastest pace in decades, which means it could overtake the U.S. as the world’s biggest economy sooner than expected. It’s now on target to take the top spot as soon as 2028 — about two years earlier than predicted, according to estimates from the Brookings Institute.

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