Will China Have A $123 Trillion Economy By 2040?

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China will have a $123 trillion economy by 2040. By then, the country will account for 40% of the world’s gross domestic product and be “superrich.” The American economy, by way of contrast, will produce only 14% of global output. And Europe? The E.U. will claim just 5%. So says Robert Fogel, and he has a Nobel prize in economics to prove he knows a lot.

 

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