363 0 obj Drivers of urban sprawl in urbanizing China – a political ecology analysis. US: $31 trillion 4. Proj. A premature policy exit and excessive tightening could derail the recovery. <> The IMF forecasts that Chinese GDP growth will bounce back to 8.2% in 2021. Urbanization, Industrialization, and Sustainable Development in China: Converging Paths? Enter your email address below and we will send you the reset instructions, If the address matches an existing account you will receive an email with instructions to reset your password, Enter your email address below and we will send you your username, If the address matches an existing account you will receive an email with instructions to retrieve your username. (Yicai Global) Oct. 28 – China's economy could expand by 8 percent each year till 2030 due to the country's competitive edge in new technologies and its huge, resilient market, according to a former chief economist at the World Bank. China's per capita GDP is expected to be US$16,000 by 2030 (World Bank & Development Research Center of the State Council, 2010). By 1820, it was one-fifth again as big as Europe’s and accounted for a third of world gross domestic product (GDP). to transform environmental stresses into green growth as a driver for development; ? <> One of China’s leading economists says China could become the world’s largest economy by as soon as 2030, as well as join the ranks of high-income nations within the next decade. India is likely to become the world’s second-largest economy by 2030, next only to China and overtaking the US, according to Standard Chartered’s long-term forecast released on Jan. 08. Brazil: $8.6 trillion 7. a398c1e7b33c9dc80bbeb05f373a474c96d2ef41 Find the latest eLibrary content related to COVID-19 (coronavirus) here. 2012-02-24T05:21:36.000-05:00 Washington, DC: World Bank. China The Human Capital Index (HCI) database provides data at the country level for each of the components of the Human Capital Index as well as for the overall index, disaggregated by gender. Adobe PDF Library 9.9 2013. Structure of output <> China 2030 : building a modern, harmonious, and creative society ... With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries. Financing China's Suburbanization: Capital Accumulation through Suburban Land Development in Hangzhou. Reaping the Economic Benefits of Decarbonization for China, Extension of ProFamy Model to Project Elderly Disability Status and Home-Based Care Costs, with an Illustrative Application, Transitions, Transformations, and the Changing Context of Inclusion, Trapped in poverty? Gross domestic product 2019 (millions of Ranking Economy US dollars) USA 1 United States 21,433,226 CHN 2 China 14,342,903 JPN 3 Japan 5,081,770 DEU 4 Germany 3,861,124 IND 5 India 2,868,929 GBR 6 United Kingdom 2,829,108 ... World Bank, 12 February 2021 1. China: 91,039: 98,059: 111,589: 136,071: 141,529: 160,340: 150,854: 171,467: 214,160: 263,190 Colombia: 10,193: 11,062: 12,282: 14,531: 17,462: 18,508: 21,674: 27,519: 32,864: 39,497 Comoros: 20: 22: 26: 34: 39: 60: 59: 65: 85: 113 Democratic Republic of the Congo: 3,000: 3,353: 3,701: 4,719: 5,754: 6,138: 5,786: 7,401: 10,507: 10,297 Republic of Congo: 262: 300: 360: 480: 580: 683: 709: 707: 879: 1,194 Cook … endobj Completing the transition to a market economy; ? 2012-02-24T18:21:36.000+08:00 Building a Modern, Harmonious, and Creative Society. GDP (current US$) - China. 73 This report lays out the case for a new development strategy for China to rebalance the role of government and market, private sector and society to reach the goal of becoming a-high income country by 2030. The index measures the amount of human capital that a child born today can expect to attain by age 18, given the risks of poor health and poor education that prevail in the country where she lives. <> 329 0 obj Turkey: $9.1 trillion 6. 2015-04-11T04:35:58.641-04:00 The World Bank also forecasts GDP growth of 7.9% in 2021 for China. China 2030 recommends steps to deal with the  risks facing China over the next 20 years, including the risk of a hard landing in the short term, as well as challenges posed by an ageing and shrinking workforce, rising inequality, environmental stresses, and external imbalances. China's GDP growth slowed from 9.5 per cent in 2011 to 6.6 per cent in 2018. <> Washington, DC: World Bank. endstream World Development Indicators: Show Metadata Links. endobj uuid:05897176-2736-47cd-9b51-6422fa78d979 975220 Against the backdrop of persistent output gaps, still fragile private demand, and emerging deflationary pressures, the return of the People’s Bank of China (PBOC) to a normal policy stance should proceed cautiously. GDP growth was 6.4 percent year on year (yoy) in the fourth quarter of 2018 and in Q1 2019, compared to 6.8 percent in the first half of 2018. ? These are some of the key findings of China 2030, a joint research report by a team from the World Bank and the Development Research Center of China?s State Council. Learn how the World Bank Group is helping countries with COVID-19 (coronavirus) on the World Bank Group COVID-19 Hub. The Leap of the Tiger: Escaping the Middle‐income Trap to the Technological Frontier, New National Initiatives of Modernizing Education in China, Corporate giving and corporate financial performance: the S-curve relationship, The Global Financial Crisis and the Export-Led Economic Growth in China, The Impact of Carbon Market and Carbon Tax on Green Growth Pathway in China: A Dynamic CGE Model Approach. endobj India: $46.3 trillion 3. Reset it, Development Research Center of the State Council, Asian Business & Management, Vol.20, No.2, Asia Pacific Journal of Management, Vol.36, No.3, Annali di Ca’ Foscari. programme in Shanghai. 251 0 obj The Disintegration of Production: Firm Strategy and Industrial Development in China edited by MarikoWatanabe, Cheltenham, EdwardElgar, 2014, vii + 347 pp. China 2030: Building a Modern, Harmonious, and Creative High-Income Society From the early 1500s until the early 1800s, China’s economy was the world’s largest. 159 0 obj World Bank national accounts data, and OECD National Accounts data files. 256 0 obj Standard Chartered forecasts the top 10 countries in the world by purchasing power parity GDP in 2030. 2013. 252 0 obj <> Germany: $6.9 trillion GDP (2030, PPP) GDP (2017, PPP) % change #1: China: $64.2 trillion: $23.2 trillion +177% #2: India: $46.3 trillion: $9.5 trillion +387% #3: United States: $31.0 trillion: $19.4 trillion +60% #4: Indonesia: $10.1 trillion: $3.2 trillion +216% #5: Turkey: $9.1 trillion: $2.2 trillion +314% #6: Brazil: $8.6 trillion: $3.2 trillion +169% #7: Egypt: $8.2 trillion: $1.2 trillion +583% #8: Russia: $7.9 trillion Modernizing and strengthening its domestic fiscal system; and. endobj Fiscal Implications of Population Aging and Social Sector Expenditure in China, Modeling and scenario prediction of a natural gas demand system based on a system dynamics method, Mimicry in design: the urban form of development, Grounds for self-government? Forgot password? © 2021 The World Bank Group, All Rights Reserved. China Could Grow Up to 8% a Year Till 2030, World Bank Ex-Chief Economist Says. endobj Accelerating the pace of open innovation; ? By 2030, 9 percent of the global population and 15 percent of the world’s GDP will come from these megacities. TURKEY. 254 0 obj Impacts of Carbon Pricing in Reducing the Carbon Intensity of China's GDP, Two Faces of Transparency: The Regulations of People?s Republic of China on Open Government Information, Periurbanization and the politics of development-as-city-building in China, A Meta‐analysis of Food Demand Elasticities for China, Why Are China’s State-Owned Enterprises so Profitable? India’s economy is the fifth-largest in the world with a GDP of $2.94 trillion, overtaking the UK … DOI: 10.1596/978-0-8213-9545-5. Russia: $7.9 trillion 9. 2012-02-24T05:29:00.993-05:00 endobj endobj But the next two centuries were tumultuous for China. 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