HSBC: China to Become Largest Economy by 2050
(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.
- More than 21,000 Couples in Capital Apply to Have Second Baby
- Central Gov't Said to Plan Pilot Reform of Rural Asset Ownership
- Big Umbrella
- Abe Protest
- Lost in Translation
- Graphics: Fully Loaded
- Can Doctors Cut the Public Hospital Cord?
- Local Gov't Criticized for Linking Blood Donations to Middle School Test
- The Week in Photos: September 20 – 26
- Goodbye Lenin
- Sign up to receive our free daily newsletter
- Alibaba's IPO Was Huge, but Analysts Say Investors Have Reasons to Worry
- A Five-Minute History of Hong Kong
- After Overseas Rush, Chinese Firms' Iron Ore Projects Run into Trouble
- A Chinese Dream in America
- Adobe to Shutter China Operations in October, Employees Say
- Graphic: Alibaba's Big Deal
- HK Tycoons Defend Giant Gift to Harvard's Medical School
- Gov't Again Tries Trimming the Fat by Slashing Pay of SOE Executives
- CCTV Airs Program on Conditions for Fallen Officials in Guangdong Prison
- How Chinese Universities Can Learn the Largesse Game