China’s economy will likely surpass the United States as the world’s largest by 2030 while Asia will overtake North America and Europe combined in global power based upon “GDP, population size, military spending, and technological investment,” a US intelligence report said on Monday.
"Meanwhile, the economies of Europe, Japan, and Russia are likely to continue their slow relative declines," the “Global Trends 2030: Alternative Worlds” report issued by the U.S. government's National Intelligence Council stated.
The report also said China could be looking over its shoulder at India in less than 20 years.
“India’s rate of economic growth is likely to rise while China’s slows. In 2030 India could be the rising economic powerhouse that China is seen to be today.”
America’s international role will be uncertain in the future as it evolves and “whether the US will be able to work with new partners to reinvent the international system will be among the most important variables in the future shape of the global order,” the report stated.
Read more: China’s Economy No. 1 by 2030: US Intelligence Report | Business | RIA Novosti
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