China to surpass U.S. economy by 2030, report shows
December 11, 2012
A new report issued by the National Intelligence Council revealed a series of prognostications about what people can expect from the world in the coming decades, and the 140-page report said China's economy will surpass the United States by 2030, according to NBC News.
The report, titled the Global Trends 2030: Alternative Worlds, is written by a series of U.S. intelligence analysts as well as foreign and private experts. Although there was a great deal of information in the report, the main focus was how Asia was growing and how it will eventually affect the U.S.
"In a tectonic shift, by 2030, Asia will have surpassed North America and Europe combined in terms of global power, based upon GDP, population size, military spending, and technological investment. China alone will probably have the largest economy, surpassing that of the United States a few years before 2030," the report stated, "Meanwhile, the economies of Europe, Japan, and Russia are likely to continue their slow relative declines."
The report also found that certain populated countries will be on the rise, such as India and Brazil, as these countries will likely drive much of the technological innovation in the next couple of decades, the media outlet reports.
According to CNN, this wasn't the only thing included in the report, there were also some fun concepts such as powered exoskeletons to help the elderly, bio-based energy and even 3D printing. This was the fifth report of a series to help decision makers plan for the future.
You Might Also Like...
- Chinese aluminum company funds Purdue University's international efforts
- India and China work to resolve border dispute
- Manned Chinese shuttle successfully docks with orbiting space station
- Chinese put forth new legislation: Adult children have to visit aging parents
- A child is hit by a car in the street and 18 people ignore her cries for help