With ChinaEconomyWith the rapid development of Western think tanks, China will surpass the United States in 2037 and become the world's largestEconomyBody. This ** is based on ChinaEconomyA conservative assessment of the growth rate, while taking the United StatesEconomyThe growth rate is set at the average level of the past 100 years. According to this **, China's GDP will reach a level that surpasses that of the United States, which will have a global impactEconomyThe pattern has far-reaching implications.
Over the past few decades, ChinaEconomyRemarkable development achievements have been made. Judging from Putin's statement three years ago, in terms of purchasing power parity, China'sEconomyThe volume has surpassed that of the United States. According toWorld BankIn 2022, China has surpassed the United States to become the world's largest in terms of purchasing power parityEconomyBody. This shows that if we take it from societyEconomyIn terms of the scale of production, China already has the strength to surpass the United States.
However, this transcendence is not justEconomyThe victory in terms of volume involves the whole worldEconomyStatus and rules in the system. Current globalEconomyThe system is largely dominated by the United States, and China's overtaking would mean an inversion of the relative positions between the two world powers. This will lead to a global scaleCurrencyAdjustment of exchange rates and financial rules for developed countries such as the United StatesEconomyand ** system to have a significant impact.
1. Adjustment of the economic pattern
ChinaEconomySurpassing the United States means that the global pattern will change greatly. In the past, the U.S. imported cheap products from China to depress its own countryInflation rateand at the same time export to ChinaHigh added valueproducts, thereby partially easing the United States against ChinaDeficit。However, ChinaEconomyAfter surpassing, the United States will import cheap products from China by a large margin, and may even be inferior to its own production. This will lead to the United States inInternational** The dominance of the country has been severely shaken.
2. Changes in the pattern of regional economic development
With ChinaEconomyThe rise of China, one centered around ChinaEconomyThe cycle is already taking shape in Asia. Asian countries will start from ChinaEconomydevelopment, even Japan and South Korea, which have a degree of political opposition to China, are no exception. In contrast, European countriesEconomyThe outlook is less encouraging. Affected by the pandemic and the regional security situation, EuropeEconomyIt is possible to enter a long period of depression. In this case, South Korea is expected to be among the top 10 in the world by 2037EconomyBody.
China has overtaken the United States to become the world's largestEconomywill bring challenges and opportunities to the United States and Europe. In the face of this fact, the United States needs to adjust its policy toward China in response to China's increasing demand for the United States. At the same time, the United States needs to establish a practical and effective relationship with the European UnionEconomycooperation mechanism, and carry out investment in Latin America and Africa to advance the long-term layout with ChinaEconomyCompete.
European countries are facingEconomyThe challenge of relative decline. in ChinaEconomyAfter surpassing, European countries in the worldEconomyThe status of the group will decline even further, and they need to look for new onesEconomyDevelopment path. In this context, strengthening cooperation with China and seeking win-win results will become a great opportunity for European countries.
ChinaEconomyBeyond the United States** has sparked concern around the globeEconomyReflections on pattern change. From a great power to a global oneEconomyLeader, China faces enormous responsibilities and challenges. At the same time, other countries need to recognize their own strengths and weaknesses and respond positivelyEconomyThe pattern changes, and the path of cooperation and development is sought.
As a rising globalEconomyGreat power, China needs to achieveEconomyAt the same time, we will strengthen cooperation and exchanges with other countries to promote the worldEconomysustainable development. Other countries should also see the opportunities brought by this trend, actively adjust their own development strategies, and work together with China to achieve common development. In a multipolar and globalized world, all countries should strengthen cooperation and dialogue to jointly address the challenges and problems facing the worldworld economyPeaceful and prosperous development.