China's total economic output 5 years close to the United States a more balanced economic structure in the world

Tianjin 13 September forecast by the World Economic Forum, by 2015, China's total economic output is close to the United States.

World Economic Forum's Executive Chairman Klaus · Schwab recently in Tianjin Nankai University speech, it is expected that by 2015 the gross output of the United States will account for global 18.3%, and China will 16.9%.

In accordance with the second quarter of 2010, China's GDP has been more than Japan, becoming the world's second largest economy. Accounting firm PricewaterhouseCoopers early, transnational, China will be more than United States by 2020, to become the world's largest economies.

Global economic forces of change more than occurred in between the two countries. Schwab said that in 1990, the United States by GDP accounted for 23% of the world, developing countries accounted for 28% of the United States by 2015 will 18.3%, developing countries will account for 74%. Schwab accordingly stated that the world economy is becoming more balanced.

World Economic Forum recently released the 2010-2011 global competitiveness report displays, on a global 139 economy, China's ranking from last year's 29-bit rose to 27. In many Asian economies and developing economies has made progress.

Rankings, the competitiveness of China's Hong Kong remained unchanged for the first 11 digits, China Taiwan decreased by 12 bits to 13 bits. The "BRIC", India from 49 to 51 reduction, Brazil dropped from 56 to 58, 63 Russia remains.

Schwab explained, and India, Brazil, Russia, China in market size, labor market efficiency, technical reserves, goods market efficiency, overall economic environment, and other indicators, leading, in the financial markets, higher education and training at a disadvantage.