PricewaterhouseCoopers (PwC) predicts that by 2030, China will “surge past the US” to assume the mantle of the world’s largest economy. China surpassed Japan last year to take the number two spot on the list of largest economies with international trade worth $2.21 trillion (£1.36tn), compared with the $2.66tn (£1.64tn) for the US.
According to the report by PwC, the coming years will see global trade undergo “fundamental change” as emerging economies such as China and India begin to “dominate the top sea and air freight routes”.
Source: BBC News
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