Many people are concerned about the dispute between China and the United States. who will win? Looking at the long-term view, China is well known.
Lin Yifu, former Vice President of the World Bank and Dean of the Institute of New Structural Economics at Peking University, expressed confidence in China’s development and emphasized the need to do its own business and play a double course. It is expected that by 2049, China will be calculated based on the exchange rate. China’s per capita GDP would be half that of the US, but given that China’s population is four times that of the US, that means China’s economy is twice as large as the US.
Why is there such a prediction? Professor Lin Yifu explained that the reason for this is that China’s current economic growth rate has made a quantum leap. From a technical perspective, as a developing country, China has used the advantages of the latecomers in technology innovation and modernization, which has greatly reduced the costs and risks of research and development in my country.
Lin Yifu pointed out at a forum that there are gaps in China’s internal economic levels between various cities. As China’s coastal cities have relatively high standards of living, it is believed that the per capita GDP of coastal areas in 2049 will be at the same level as The gap is also potential, which shows that these cities can develop rapidly. He also believes that China’s economic development model is a reference for other developing countries.