The Xi Surge: China's economy booms to 70% of US

9 years into his leadership, nation's GDP expands 70%

20211109N Xi on big screen

A screen at a Beijing shopping mall shows Chinese President Xi Jinping addressing world leaders at the Group of 20 summit in Rome on Oct. 31. © Reuters

IORI KAWATE and TSUKASA HADANO, Nikkei staff writers

BEIJING -- Since Chinese President Xi Jinping took the helm of the nation nearly nine years ago as the Communist Party's leader, its economy has vaulted from half of America's size to 70% or so -- a gap that will continue to narrow, with some estimates saying it could surpass the U.S. within the decade.

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