China's rapid economic growth is the focus of the world's attention. According to the latest ** report by the Centre for Economics and Business Research (CEBR) in the United Kingdom, China will surpass the United States to become the world's largest economy by 2037. This is not surprising, as China's economy has been growing strongly for a long time. In fact, in some of the previous ones, German research institutions have said that China's economy will catch up with the United States as early as 2028.
Looking back over the past few years, China's economy has shown a steady and strong growth trend. According to 2022 data, China already ranks second in terms of GDP size among the world's major powers, after the United States. Despite the impact of the epidemic, China's GDP growth rate in 2022 is only 32%, but the international rating agency Standard & Poor's is still optimistic about China's economic growth forecast, raising China's GDP growth rate to 5.% in 20234%。In comparison, the US is expected to grow GDP at 2 percent in 20236%。The gap in GDP growth between China and the United States shows the potential and possibility for China to surpass the United States.
This process of accelerating and surpassing is not simply a uniform growth, but is accelerated on the basis of the continuous increase in China's economic aggregate. Due to the expansion of China's economic base, even if the GDP growth rate is assumed to be a fixed ratio, the increase in the base will significantly accelerate the process of surpassing. Therefore, China's economic development is destined to be unstoppable.
However, the rapid rise of China's economy has also caused anxiety and concern in the United States. Neither the current politician nor any American politician who may come to power in the future can change the resolute anti-China position of the United States. This is because China's overtaking of the United States would threaten America's global hegemony. The United States fears that the rise of China will shake the position of the dollar, which in turn will have a major impact on the American economy.
As a result, the United States has been going all out to suppress China, including blockades and containment measures against the Chinese economy. We must remain soberly aware of this. At the same time, we must not forget the role of other anti-China forces and countries in this contest. China's rapid development not only poses a threat to the United States, but also worries other countries that follow the United States in opposing China.
We need to focus on our own development plans and solve the problems we have to face. Foreign research institutions may not necessarily be the future development trends and results. An exciting future scenario is that if China achieves cross-strait reunification, the production capacity, economic aggregates, markets, and technologies of the two sides of the strait will be superimposed, showing a multiplier effect. After the Taiwan issue is resolved, China will usher in a broader space for development.
However, before we can achieve this, we need to face resistance from the United States and its allies. They will use all means, including arming Taiwan and diplomatic pressure, to prevent China from achieving cross-strait reunification. Knowing this, we can better understand why China wants to accelerate the resolution of the Taiwan issue, and why it is possible for China's economic development to surpass that of the United States in a short period of time.
China's development prospects are encouraging. Although the outside world has different views and attitudes towards China's economic development, our goal remains unwavering. According to a report published by the Centre for Economics and Business Research, they have a "bright future" for the UK and rank the UK as the best performing major European economy over the next 15 years. This boosted the morale of the British people and also showed that there are opportunities for development even in the face of changes in the global economic landscape.
Looking back over the past few years, China has been committed to building an innovation-driven economic system with global impact. China has made great strides in the fields of scientific and technological innovation, digital economy, and green industries. At the same time, China's consumer market also presents great potential. The improvement of the people's living standards and the upgrading of the consumption structure have laid a solid foundation for China's economic development.
As the world's second largest economy, China has made remarkable achievements. However, we must not rest on our laurels, but continue to promote economic development, especially in technological innovation and green and sustainable development. At the same time, we also need to recognize that changes in the international situation and intensification of global competition will bring new challenges to China, and we must be prepared to deal with them.
China's development requires international cooperation and an open market. We will continue to adhere to the stance of openness, promote investment liberalization, and create a better investment environment for foreign companies. By working with other countries, we can complement each other's strengths and jointly promote global economic growth and prosperity.
It is inevitable that China will overtake the United States to become the world's largest economy. The speed of China's economic development, as well as its potential for innovation and market potential, make it an important force on the global stage. However, we must be soberly aware that China's rise will cause concern and opposition from the United States and other countries. In order to achieve our development goals, we must be steadfast in meeting the challenges and strive to preserve the independence and dignity of our country. At the same time, we should also actively participate in international cooperation, promote common development, and achieve a win-win situation.