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Bank of America Qiao Forecasts China Will Double GDP by 2035

The Bank of America global analyst predicts that China will sustain an average 4.7% annual GDP growth from now to 2035 which will result in a doubling of China’s GDP. Qiao predicts that China’s GDP will pass the US GDP in 2027-2028. China’s GDP is currently 30% less than the USA. China (including HK and Macua) has an exchange rate GDP of $16 trillion while the US has $21 trillion. 2021 is expected to be an economic recovery year for the US and China. The US could have 4-6% GDP growth and China could have 8-9% GDP growth. The US

The post Bank of America Qiao Forecasts China Will Double GDP by 2035 first appeared on NextBigFuture.com.


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