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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.
Nor did China object when the United States took control of them during the occupation of Japan starting in 1945. The U.S. handed the islands back to Japan in 1972. But since the early â70s, China has argued that Japan seized the islands in violation of international law.