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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.
Donald Trump touches down in Beijing this week seeking to ink deals, cut his nationâs trade deficit and keep his nation atop the global economy. President Xi Jinping wants to avoid a trade war that could disrupt his plan for China to be a âglobal leaderâ by 2050. But China appears set to take over as the worldâs largest economy far sooner if it can pull off the tricky transition from a government-run, centralized growth model to a more market-driven one in which services and consumption play a greater part.