China GDP by total GDP in the euro area in 2018.
The "Asian century" back? Chinese is ready for the European common currency area (the eurozone) of the economy this year.
Gross domestic product (GDP China) forecast level of $13 trillion and 200 billion, the total GDP over the past year in 2018, the eurozone is $1 billion 900 million, is 128 thousand, according to data compiled from Peng Bo. In 2017, the total GDP in the euro area is only Chinese nearly $20 billion.
"China will pass, and then maintain this position," David Mann, the global economy in the Department of Standard Chartered Bank Singapore Branch, or. "This is because of the economic system, organizational infrastructure, education, and infrastructure are very hard, and is conducive to Asia".
- including the Asian powers, Japan and India, these emerging countries such as the Philippines and Indonesia's president GDP - by the north and South America in 2016, according to Bloomberg data. And the average growth rate of Faster Asian elements, which will increase the distance for several years.
Chinese leaders believe that the ability to maintain a steady growth in the country's president Xi Jinping, chairman of the provisions of the state to abolish term in China the second largest economy in the world is through the reduction state, Xi Jinping attempts to model is derived from the high and low wages in the past to balance, the cost of a model more than domestic the role of.
In order to achieve this, China faces many challenges. In particular, they want to control the growing pile of debt, financial market opening and foreign investors, the government will face the fast aging population rapidly, China in the United Nations (UN) 25% population forecast in 2030 will be more than 60 years old Chinese.
Chinese growth may reach at least 6% in the rest of the time, and maintain 5 - in all of these 5.5% Mann forecast in 2020, you know. You are to say, the euro zone's growth will be higher in the 2% level too much.
Although it is difficult to compare the data of the growth stage, in a very long time, maybe China economy beyond the Western Europe in Nineteenth Century, Aditya Bhave experts, the global economy in the Bank of America Merrill Lynch, let you know.
"The rapid growth of China as a big country economy and the suggested time is in the Chinese economy is the world's largest in Nineteenth-Century - a very big impact, Rob subbaraman, said the Department of economic Nomura holdings in emerging markets in Singapore.
The influence of Chinese talent to conquer the global market goods are not ordinary. However, China's economy also brought intense competition in the market, considering the trade and investment in the economy, and the definition of tense you subbaraman foreign policy ".
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