Text: Guo Yongxing (Professor, Department of International Trade and Management, Taichung University of Science and Technology) What will China's economy look like in 2032? Probably the most interesting question is, will China replace the US as the world's largest economy by 2032? Justin Yifu Lin , Dean of the Institute of New Structural
Economics at Peking University , said at the annual popular database meeting of the China Development Forum in March this year that if China can achieve economic growth of 5% to 6% every year in the next 10 years, until 2030 , China's economic size will surpass the United States and become the world's largest. Justin Yifu Lin also said that if China can achieve economic growth of 5% to 6% in the next 15 years, by 2035, China will achieve the goal set by it,
doubling the per capita GDP in 2020 and reaching the per capita GDP. GDP to the level of 23,000 US dollars. First of all, let's understand where China's GDP is. According to the most data from the International Monetary Fund (IMF), China's per capita GDP in 2020 is about 10,582 US dollars, compared with the US's 63,051 US dollars per capita GDP, which is about 6 times that of China. It is unlikely that China will catch up with the per capita GDP level of the United States in 50 years .