In 2014 China will overtake the U.S. in terms of economy

In 2014 China will overtake the U.S. in terms of economy

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In 2014, China overtook the United States in terms of the economy and take first place in the world, experts say the International Service for comparative statistics program (ICP).

In service, the majority of experts predicted output of the Chinese economy into a leadership position only to 2019, but most likely it will happen in 2014, notes the Financial Times.

Previous ICP report on the world economy was promulgated in 2005. In a new paper argues that the pace of expansion of China’s economy have been more rapid than previously thought.

According to World Bank estimates that in 2013 the volume of world economy was $ 71.7 trillion, including the United States – $ 15.09 trillion, China – $ 7.3 trillion, Russia – $ 2.01 trillion. As reported pronedra.ru previously the Chinese government announced plans to increase the share of the urban population to stimulate the economy.

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