Saturday, March 23, 2013

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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