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China might not be a rising power for long
The forecast that it will overtake the US as the world’s largest economy has been pushed back and, even if it does, China will not hold onto that position for long.
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More recent research by economists suggest that it may take China's economy to surpass the US', and that it may eventually fall back behind.
PHOTO: REUTERS
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Until recently, there was a widespread assumption among economists that in the next few years China would surpass the United States in economic might.
They made that premise on the International Monetary Fund’s (IMF) calculations of gross national product (GDP) by purchasing power parity exchange rates, which had already happened in 2018. The debate was not whether but when this would also occur
