"China will be unable to surpass the U.S. economically, even after 2036," JCER said, due to slower productivity gains coupled with labor shortages. The Communist Party of China has set two long-term targets for 2035 and the middle of this century in amendments to the constitution made in October.
China's gross domestic product will surpass that of the U.S. in about 2035, the Goldman group led by Kevin Daly and Tadas Gedminas wrote, while India's GDP will narrowly surpass the U.S.' in about 2075.
China is forecast to overtake the US as the world's largest economy by around 2035, while India is expected to become the world's second largest by 2075.
The United States enjoys overwhelming advantages over China. The United States outweighs China in terms of gross domestic product (GDP), technology, and military spending.
The U.S. bomber force, even at just 141 aircraft, is a good matchup against the Chinese navy and China's overall maritime capacity. The U.S. Office of Naval Intelligence forecasts that by 2030 China's maritime force will total over 800 warships, quasi-military coast guard cutters, and large “maritime militia” ships.
BEIJING — The U.S. economy could lose more than $1 trillion worth of production and long-term global competitiveness if the White House pursues a sharp separation with China, according to a report released Wednesday by the U.S. Chamber of Commerce and Rhodium Group.
China's GDP should grow 5.7% per year through 2025 and then 4.7% annually until 2030, British consultancy Centre for Economics and Business Research (CEBR) forecasts. Its forecast says that China, now the world's second-largest economy, would overtake the No. 1-ranked U.S. economy by 2030.
The United Nations says India will soon overtake China as the world's most populous country.
If the property downturn is deeper than expected and COVID zero restrictions remain beyond 2023, GDP growth may average below 4% over the next decade, meaning China likely wouldn't overtake the U.S. until the mid-2030s, and any lead may be reversed as demographics become a drag a decade later.
China is facing a full-blown debt crisis with $8 trillion at risk as Xi Jinping eyes an unprecedented 3rd term.
The United States is the richest country in the world with the highest GDP, as of 2021. China is the second richest country in the world with a $17.734 trillion GDP.
Political experts have also considered India as one of the possible emerging superpowers of the world along with China, Brazil, Russia, and the European Union. Currently, only the United States fulfills the criteria to be considered a global superpower.
China has had the largest population in the world since at least 1950, when the UN started keeping records. But it is now projected to experience an absolute decline in its population beginning as early as 2023.
As a result, six of the seven largest economies in the world are projected to be emerging economies in 2050 led by China (1st), India (2nd) and Indonesia (4th) The US could be down to third place in the global GDP rankings while the EU27's share of world GDP could fall below 10% by 2050.
By 2030, no country will be a hegemonic power —nor the USA, China, nor any other large country. Enabled by communications technologies, power almost certainly will shift more toward multifaceted and amorphous networks composed of state and non-state actors that will form to influence global policies on various issues.
US Treasurys Owned by China, in USD Billions
As of Jan. 2021, China owns $1.095 trillion of the total $28 trillion U.S. national debt.
Not only does China supply a tremendous amount of our consumer and commercial goods, medical supplies, pharmaceuticals, and vital raw materials, but it also controls a huge share of the world's shipping fleet and commercial shipbuilding capabilities.
China's naval ships outnumber America's, and it launched its third aircraft carrier this summer, the first to be designed and built in the country. Its defense budget is second only to the U.S.'s. China's military has more serving members, at around 2 million, compared with just under 1.4 million in the U.S.
China could reportedly sink a Nimitz-class aircraft carrier in five ways: carrier ballistic missiles, hypersonic glide vehicles, anti-ship missiles, and hybrid cruise missiles or torpedoes.
“The United States today has more naval capability overall but China's naval modernization effort since the 1990s has substantially reduced the U.S. advantage, and if current U.S. and Chinese naval capability trends do not change, China might eventually draw even with or surpass the United States in overall naval ...
Australia can become a renewable superpower provided it doesn't have to waste too much energy moving stuff around. Most of the energy in the world is used to move products and people from one place to another. And that is one of the main reasons that has led to increases in emissions during the era of globalisation.
While challenges remain, most experts believe that China will be the new superpower by 2050. China GDP in 2050 is expected to be around $58.5 trillion.