China could be world's world's largest economy by 2016: OECD china
With $8.3 trillion, China is the second largest economy in the world.
BEIJING: China is on course to become the world's largest economy
"around 2016", according to a survey by the Organisation for Economic
Cooperation and Development.
"From a long-range perspective, China has now overtaken the Euro area and is on course to become
the world's largest economy around 2016, after allowing for price
differences," the Paris-based group said in its survey of China.
Living standards will continue to improve fast, provided reforms are
implemented, most of which feature in the 12th Five-Year Plan (2011-15),
state-run Xinhua news agency quoted the survey report.
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