China’s economy could double in size by 2035 — and surpass the U.S. along the way

Business


China was one of the few economies globally that grew in 2020 despite the challenges posed by the Covid-19 pandemic. Official data showed the Chinese economy expanding by 2.3% last year, and the International Monetary Fund has forecast an 8.1% growth for China this year.

Meanwhile, the U.S. economy contracted by 3.5% in 2020, latest government estimates showed. The IMF said the U.S. economy could grow by 5.1% this year.

Concerns about China’s growth



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