A great future is being predicted for China's economy. According to several analysts, it will become the largest in the world by 2035. Such a performance is forecast in a report jointly prepared by China, Russia, Canada, and India.
Experts anticipate that by 2035, China's economy will be the largest in the world. The report notes that scientific and technological power in most industries will reach a global level.
According to the forecasts, by 2035, China will establish new institutions to form an open economy at a higher level than currently exists. "We will continue to make great efforts to advance China in reform and opening-up, while also making China's economy more closely integrated with the world economy," a research report titled "Decisive Battle: The Progress of China's Comprehensively Deepening Reform and High-Standard Opening Up in the New Era and Prospects for 2029 and 2035 states.
It is worth mentioning that this document is a joint effort by the Chongyang Institute of Financial Studies at the People's University of China, the All-Russian public organization Free Economic Society of Russia, the Economic and Cultural Council of India and China, the Center for Sino-American Cooperation at the University of Denver, as well as the group of geopolitical and economic studies at the Canadian University of Manitoba.
