PwC is expected to China will become the largest economy in 2018

 Meanwhile, the other big countries in Asia with India and the rapid growth of the young labor force, economic growth in the next 10 years will be more than China.

The report also predicts that China due to lower productivity growth, economic growth will slow down after 2020, but China will remain the world exporting countries, Chinese exporters will be gradually transferred to high-end market, focusing on product quality and not just in price competition.

PricewaterhouseCoopers concluded that the theme of the 2050 Report prices for emerging economies, the situation tends to lower level is adjusted to purchasing power parity GDP after the show, emerging economies E7 countries (China, India, Brazil, Russia, Mexico, Indonesia, Turkey), economic strength may be In 2020 more than G7 countries (U.S., Japan, Germany, Britain, France, Italy, Canada).

PwC chief economist John Hawksworth analysis pointed out: China and India's population continues to expand, in many ways the two countries in 2050 to regain control of its global leading position. If the switch to the market exchange rate (MER) as the standard measure of GDP, E7 economy around in 2032 than G7. By then, China will overtake the U.S. as the world's largest economy. In terms of purchasing power parity as a standard, the 2018 China could achieve this transcendence. (Yan Limei Li Jian)

PricewaterhouseCoopers recently released a research report showed economic strength of the global financial crisis has accelerated the transfer to emerging economies, according to purchasing power parity (PPP) measure of gross domestic product (GDP), China may overtake the U.S. in 2018 become the world's largest economy.