Both China and Japan are likely to end the year with a gross domestic product, the broadest measure of economic activity, of just over $5 trillion. To put that in context, that’s only a little more than a third of the size of the U.S. economy.
But with its huge population edge on the United States, many economists believe it is inevitable that China will eventually overtake the United States — even if it takes another 20 or 30 years.
“It’s kind of like the U.S. and Great Britain 125 years ago. Given how much larger we were, it was only a matter of time before we caught them,” said Jay Bryson, global economist for Wells Fargo Securities. “And it’s only a matter of time before they catch us.”
0:00 /2:19Chinese graduates cram village
But there are still many limitations on China’s growth prospects.
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