China’s economy could pass USA in 2020 on exchange basis
Goldman Sachs and Merrill Lynch say the yuan will gain 9.6 per cent to about 7 per US dollar within 13 months. China’s economy in 2008 would then be US$3.7 trillion. This does not include Hong Kong and Macau which would increase the size of the economy to $3.9 trillion. Various economists say that the …