Some Reasons why China's GDP is Likely to Continue Growing Faster than that of the USA


 
China's GDP growth record is extraordinary; its education system is extraordinary (it graduates 1.4m engineers a year and over 20% of the world's bachelor degrees); it is far ahead of all countries in patent applications; it has a vast and highly skilled workforce focussed on the most tech intensive industries; and suggestions that China will get old before it gets rich due to the ending of its "demographic dividend" have been debunked by a recent paper pointing out that demographic changes have not been a critical driver of increases in GDP per Capita. Last but far from least, Asia as a whole is by far the biggest and fastest growing part of the world economy.

The Future is Asia: 2030
Using 5-year CAGR for projections
Some Reasons why China


Some Reasons why China







GDP in Purchasing Power Parity terms with added estimates for the size of the informal economy and adjustments for out-of-date GDP base year data.

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