China will become the worlds safest and largest investment economy in times to come given the following factors: huge market potential, rich labour resources, comparative advantage in labour cost, sound corporate governance and stable government and society. All these factors will further attract the inflow of foreign capital into China. In short, Chinas economy will grow even faster in the future.
In the next ten years, Chinas economy will still increase at a rate 7% – 8%. In 2020 years, should price index remains the same as today, GDP will amount to 38 trillion, per capita GDP will reach 26,000 yuan.
However, the level of per capita GDP is still very low in China at the moment, GDP per capitas growth is still at a slow rate. GDP per capita will have to be further increased in order to raise Chinas standard of living so as to bridge the present income gap between the rich and poor. Satisfaction of consumers needs can be the main driver in raising Chinas living standards. Domestic demand will increase as the economy grows. Therefore extensive production of goods and services can further push and sustain the economys growth.
Moreover, there are...
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