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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.
On 27 May 1949, the People's Liberation Army took control of Shanghai. Under the new People's Republic of China (PRC), Shanghai was one of only three municipalities not merged into neighboring provinces over the next decade (the others being Beijing and Tianjin).