Published by Ricardo Alonso Maturana
21/11/2010
China will overtake the U.S. to become the world’s largest economy by 2020, helped by faster expansion and an appreciation of its currency, according to Standard Chartered Plc. Summary: Nov. 15 (Bloomberg) -- China will overtake the U.S. to become the world's largest economy by 2020, helped by faster expansion and an appreciation of its currency, according to Standard Chartered Plc. "We believe that the world is in a 'super-cycle' of sustained high growth," economists led by Gerard Lyons said in a report published today. "The scale of change over the next 20 years will be enormous." China's economy will be twice as large as the U.S.'s by 2030 and account for 24 percent of global output, up from 9 percent today, Lyons said in the 152-page Super-Cycle Report. I...