Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Syrian Defense: We call on all parties in Sweida to cooperate with security forces and exercise restraint
Al Mayadeen's correspondent: The Lebanese Army is continuing its investigations and will later announce any information that does not affect the confidentiality of the investigation
Al Mayadeen's correspondent: It has not yet been determined whether the detainees belong to ISIS or another organization
Al Mayadeen's correspondent: Around 10 people of different nationalities, including Lebanese nationals, were detained
Al Mayadeen's correspondent: The Lebanese army arrested a number of people in the Matn area of Mount Lebanon with possession it has not disclosed
Gaza Civil Defense spokesman: We have strong indications that there are martyrs, injuries, and trapped people in the Salah al-Din area
Gaza Civil Defense spokesman: Citizens should avoid Salah al-Din Street because anyone who approaches it is at risk of being directly targeted
Gaza Civil Defense spokesman: Reality is that there is a very limited retreat of the vehicles, with the occupation forces providing cover undeer fire up to Salah al-Din Street
Gaza Civil Defense spokesman: Claims that the Israeli occupation has withdrawn from areas in the neighborhoods of al-Zaytoun, al-Tuffah, and al-Shujaiya are false
Hamas: The two delegations stressed that any negotiations must lead to the achievement of our people's goals and aspirations, foremost among which is ending the war and the complete withdrawal of enemy forces

China likely to be world's largest economy by 2035

  • By Al Mayadeen English
  • Source: Global Times
  • 1 Apr 2024 16:22
  • 4 Shares
3 Min Read

China is highly likely to surpass the US as the world's largest economy around 2035 if it sustains an annual GDP growth rate of approximately 5 percent in the coming years, maintaining at least 4 percent growth until 2035.

  • x
  • A pedestrian walks across an elevated bridge showing index figures for the Shanghai, top, and Shenzhen, bottom, stock exchanges in Shanghai, January 14, 2016. (AP)
    A pedestrian walks across an elevated bridge showing index figures for the Shanghai, top, and Shenzhen, bottom, stock exchanges in Shanghai, January 14, 2016. (AP)

A report by a multinational think tank, including scholars from the US, Russia, Canada, India, and China, forecasts that China's GDP will likely surpass that of the US around 2035, making it the world's largest economy. The report suggests that China's robust growth will drive the global economy forward.

The report also emphasized that China must depend on sustained and cumulative "compounding interest" to set its vision for 2035. This entails gradually achieving high-quality development and fostering the cultivation and development of new high-quality productive forces.

Read next: China's factory activity rebounds after five-month slump

The ambitious estimate was one of the 10 visions outlined for China in 2035 in a joint research report by a multinational think tank team, which included the Chongyang Institute for Financial Studies at Renmin University of China. The report was released during an international symposium held on Sunday.

Related News

Trump approves Patriot missiles to Ukraine, bills EU for costs

Russia slams US-Denmark military pact as threat to its security

Domestic and foreign analysts anticipate that China will sustain its growth momentum and meet its annual GDP growth target for 2024, while navigating challenges cautiously. The report suggests that China is likely to surpass the US as the world's largest economy around 2035, provided it maintains annual GDP growth of approximately 5 percent in the coming years and at least 4 percent growth until 2035.

Chinese vision to surpass US 

The vision is founded on several factors, including China's faster economic growth compared to the US, the continuous appreciation of the yuan, its increased internationalization, and the long-term bullish outlook for the yuan against the US dollar, as outlined in the report. The report stated that developing countries are poised to become the core engine of global economic growth, with their high growth rates potentially doubling global GDP in the next decade.

China has set an economic growth target of approximately 5 percent for 2024, surpassing the expectations of certain international institutions.

The #Chinese-#US war extends to more than politics, as the #West collectively tries to catch up with #China's overwhelming dominance over the battery manufacturing industry. pic.twitter.com/Dxa0S5Cynv

— Al Mayadeen English (@MayadeenEnglish) February 1, 2023

John Ross, a senior fellow at the Chongyang Institute for Financial Studies, emphasized to the Global Times that China's investment is significantly more efficient than that of the US, pointing out that if China invests approximately 40 percent of its GDP, then its GDP growth will reach 5 percent. This suggests that China's economic growth rate will largely surpass that of the US and the EU, based on data from last year, and China will continue to be the primary driver of global economic growth as it has been for the past four decades.

The report highlighted China's remarkable achievements in high-quality economic and social development in recent years, attributing these successes to China's "compounding interest" principle.

  • United States
  • GDP
  • China

Most Read

Hezbollah SG reveals war details on Al Mayadeen for the first time

Hezbollah SG reveals war details on Al Mayadeen for the first time

  • Politics
  • 8 Jul 2025
Major ambush in Gaza kills 6 Israeli troops, injures dozens

Major ambush in Gaza kills 5 Israeli troops, injures 14

  • Politics
  • 8 Jul 2025
Israeli soldiers are seen in Beit Hanoun ahead of an operation by the al-Qassam Brigades, undated (Al-Qassam Brigades Military Media)

'Israel' on blast as media exposes report discrepancies in Gaza ambush

  • Palestine
  • 8 Jul 2025
Yemen Navy sinks ETERNITY C ship, shares footage of operation

Yemen Navy sinks ETERNITY C ship, shares footage of operation

  • Politics
  • 9 Jul 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
The Freedom Flotilla ship Handala as it departs for Gaza, where it aims to break the maritime blockade at a port in Syracuse, Sicily in southern Italy on July 13, 2025. (AFP)
Palestine

Freedom Flotilla's Handala departs Sicily in bid to break Gaza siege

The container ship CMA CGM Laperouse, left, docks at the Georgia Ports Authority's Port of Savannah, Sept. 29, 2021, in Savannah, Ga (AP)
Politics

US shipbuilding woes deepen as tariffs, outdated policies backfire

Gaza war raises ethical questions for ex-Obama, Biden officials
Politics

Mercenary firm tied to Gaza war crimes hires Obama-Biden PR operatives

'Israel' targets children in Gaza collecting water
Palestine

'Israel' strikes Gaza kids fetching water, blames it on 'malfunction'

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS