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03.21.2011 18:00

HSBC: China to Become Largest Economy by 2050

HSBC's chief executive said that China will pass the United States as the world's largest economy in four decades
By staff reporter Yu Hairong

(Beijing) -- HSBC Holdings Plc Chief Executive Stuart Gulliver said March 21 that the total gross domestic product of emerging economies will overtake that of developed economies by 2050.

Among the top 30 economies, emerging economies will occupy 19 spots and China will pass the United States as the world's largest economy in 2050, he said.

Gulliver said in an economic forum held in Beijing that China's development will depend on trade, investment and financing.

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