Thursday, March 24, 2011

China could overtake US economy by 2030: World Bank

HONG KONG (AFP) – China could overtake the United States as the world's largest economy if it maintains annual growth of eight percent over the next 20 years, the World Bank's chief economist said Wednesday.

China, which last year overtook Japan as the number-two economy, has already set a growth target of eight percent for 2011, and is aiming for seven percent a year from 2011 to 2015...[Full Article]