It could be number four it could be number five but it's almost the same as the UK's economic size.
China has now entered the era where it will gradually have to lets its currency appreciate, unless China is able to make a substantial change to its capital account.
Investment in China is actually accelerating.
China will overtake Germany by 2008.
For sure by 2006 China will become number four and by 2010 it will be more than Germany.
It would depend on the UK's GDP (last year). Number one the nominal GDP growth and number two the exchange rate of the British pound against the U.S. dollar.
China needs to promote domestic demand to gradually change its development strategy that is [currently] orientated towards exports.
It will definitely go past France, so for sure China is going to be the number five economy in the world.
It's very hard for China's exports to fall any time soon.
Copyright © 2024 Electric Goat Media. All Rights Reserved.