Intel report: China's economy to surpass U.S. by 2030 |
| CNNMoney - Dec 11, 2012 |
The National Intelligence Council -- the same thinkers who produce National Intelligence Estimates -- has released an 140-page report that offers a series of prognostications about how the world might change in coming decades.
The report is full of all kinds of fun concepts, like powered exoskeletons designed to help the elderly, bio-based energy and 3-D printing. You can read the full report here.
But one of the biggest economics themes of the report is the rise of a much stronger Asia. China alone is mentioned some 300 times. One of the attention-grabbing assertions: China's economy will surpass that of the U.S. by 2030.
"In a tectonic shift, by 2030, Asia will have surpassed North America and Europe combined in terms of global power, based upon GDP, population size, military spending, and technological investment. China alone will probably have the largest economy, surpassing that of the United States a few years before 2030.
Meanwhile, the economies of Europe, Japan, and Russia are likely to continue their slow relative declines."
Read Full Article from CNNMoney
- Posted: 2012-12-11 13:57:14
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