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Follow Business Insider: The lineup of global economic powerhouses is going to see some changes by 2050. China is expected to surpass the US in terms of nominal GDP by 2026 â aka in 11 years, according to The Economist Intelligence Unit. India, the strongest emerging market, is expected jump to third place, with real growth averaging around 5% by 2050. Plus, Indonesia and Mexico will vault up into the top 10.
Although China's economy may overtake the economy of the United States, it does not necessarily entail utter chaos. The average living standard in China is much, much worse compared to that of the United States.The majority of China's population is uneducated.t means that the United States will have competition in the world influence market. Can you imagine what will happen when China starts gaining support from countries all over the world. Others will not see us as the primary-go-to for support.