Chinese economy to surpass Japan by 2020: World Bank
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China's fast-growing economy should surpass that of Japan by 2020 and top the U.S. economy around 2050, becoming the biggest in the world, a World Bank official said Thursday. China's gross domestic product, which the bank expects to grow 9.3 percent this year and 8.7 percent next year, should overtake Japan as Chinese people get wealthier and create a demand-driven services economy, said Beijing World Bank office chief Bert Hofman.
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