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Economy

China to overtake US economy by 2028-29 in COVID's wake: JCER

Forecasts chart next 15 years for India, Vietnam and other key economies

Beijing's central business district: China is poised to become a high-income country by 2023 and exceed the U.S. GDP later this decade.   © Reuters

TOKYO -- The Chinese economy is likely to surpass that of the U.S. in either 2028 or 2029, as the Asian giant emerges from the coronavirus pandemic in a position of strength, a new study by the Japan Center for Economic Research shows.

The nonprofit organization's sixth annual report on medium-term forecasts -- released on Thursday and titled "Asia in the coronavirus disaster: Which countries are emerging?" -- looks at the impact of COVID-19 across 15 Asia-Pacific economies through 2035.

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