In the year 2032, President Trump's worst nightmare will come true: China will be better than America.
Well, to be precise, that's the year the Chinese economy is expected to be larger than the American economy for the first time, per a report from the Centre for Economics and Business (CEBR) Research in London. The CEBR also predicts significant economic growth for India over that period; India will have the third-largest economy by 2032, a decade after it replaces China as the world's most populous country.
The question of population is key in thinking about what it means for Beijing to helm a larger economy than Washington. China's population is currently about 1.38 billion, more than four times the United States' 323 million. Even with a larger aggregate economy, per capita income and standard of living in China will remain significantly lower than in the U.S. for some time.
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