Here is a timetable for the coming years, assuming
modest slowdown in economic growth and gradual appreciation of the RMB:
2005: China world's fourth largest economy by nominal GDP surpassing
Britain and France. If trends continue, China will become the biggest trading nation (total imports and exports) by 2013-2014, and become the world's biggest economy by nominal GDP by 2021 (2020 if we include Macao, HK and Taiwan). By then, living standards will be equal to today's South Korea. |
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introduction | |||||||||
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periarchives | |||||||||
back to the line pole | |||||||||