China's economy: Will the world's largest in 2017

in #economy8 years ago

According to experts of consulting company PricewaterhouseCoopers (PwC), by 2017, the US will cede the top spot in the world economy to China and China's GDP will reach nearly 54,000 billion.

The rating is optimistic about China's economy, France's Le Monde, reiterated in the context of sluggish growth, the Chinese government adopted a series of measures to support growth: two consecutive times to lower interest rates basically, through a series of development projects in infrastructure from the central to local levels. As a result there were many signs that the economy is jumped back.

 However, economic experts said that China's economic recovery is mainly driven by domestic consumption, while consumption outside remains very limited. According to them, China has only just stopped being the stagnation, but to find the miracle growth as a few years ago, it is still difficult.

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