And just a few years of waiting. The current China, ruled by Xi Jinping's Communist Party, will emerge as the world's largest economy, surpassing the United States in terms of economy. This is what the Center for Economics and Business Research recently claimed in its annual report.
The report, released on Saturday, said: "Despite the collapse of the global economy due to the Corona epidemic, it has worked in China's favor. As a result of this epidemic, China has reached an advantageous position in the competition. China has dealt with the epidemic situation tactfully.
China's economy is expected to grow at an annual rate of 5.7 percent from 2021 to 2025. However, from 2026 to 2030, it will be slightly reduced to 4.5 percent. In contrast, the United States will not be able to compete with China even if Corona turns around quickly in the next situation. From 2022 to 2024, the US economy will grow at an annual rate of 1.9 percent. Then that growth rate will come down to 1.6 percent. In other words, Beijing will be far ahead of Washington in terms of economy.
Meanwhile, Japan will hold the position of the world's third largest economy until the beginning of 2030. But by the end of that year, India will have overtaken the country. It is to be noted that since Donald Trump sat in the US House of Representatives, the United States has been embroiled in a tariff war with China. Trump is also pushing Beijing on a number of issues, including the Corona. China has also hit back by raising tariffs on US goods.
In addition, Beijing and Washington have been following the lion's share of military issues, including the South China Sea and Taiwan. China is increasingly challenging US monopolies in Asia and the world. For this, the Chinese navy is secretly building aircraft carriers, which are the size of two and a half football fields. It will be China's largest and third aircraft carrier.
