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China should have GDP of about 100 trillion yuan by 2020

Friday, November 30, 2012 11:00

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(Before It's News)

From NextBigFuture.com

Nextbigfuture has made predictions that China would have a GDP of $107 trillion yuan by 2020.

China's gross domestic product will hit 100 trillion yuan ($16 trillion) by 2020, close to the size of the United States economy in 2012, said Yang Weimin, vice head of the Office of the Central Leading Group on Finance and Economic Affair.

In 2020, China's GDP per capita will likely exceed $10,000, nearly double the amount in 2011.

Over the next few years, faster development in the country's central and western regions also meant incomes would rise faster for residents of those regions than in the more developed eastern parts of China, Yang said.

China's gross domestic product in 2011 was 47.2 trillion yuan

Prior Nextbigfuture GDP forecast for China


Year GDP(yuan) GDP growth USD/CNY China GDP China+HK US GDP   


2011     47.2   9.2        6.3     7.5        7.8       15.2
2012     53     8.0        6.1     8.7        9.0       15.9
2013     59     8.5        5.8    10.2       10.5       16.5
2014     66     8.5        5.5    11.9       12.2       17.2
2015     73     8.5        5.2    14         14.3       18
2016     80     8          4.9    16.3       16.7       18.8
2017     88     8          4.6    19.1       19.5       19.6
2018     97     8          4.3    22.6       23         20.5
2019    107     8          4.1    26         26.5       21.5
2020    115     7.5        3.9    29.6       30         22.4
2021    125     7.5        3.7    33.7       34.2       23.4
2022    135     7.5        3.5    38.5       39         24.5
2023    145     7          3.3    44         44.5       25.6
2024    157     7          3.1    50.6       51         26.7
2025    170     7          3      56.5       57         27.9
2026    183     7          3      61         61.5       29.2
2027    198     7          3      66         66.4       30.5
2028    214     7          3      71.2       72         31.9
2029    235     7          3      78.4       79         33.3
2030    259     7          3      86.4       87         34.8