Enough reason not to ignore the Chinese market?

China set to be worlds biggest economy by 2025.

Research by Frost & Sullivan suggested that China is set to become the largest economy in the world by 2025 with a nominal gross domestic product – which is GDP that has not been adjusted for inflation – value of $38 trillion.

Frost & Sullivan identified 10 trends that will accelerate China’s economic growth to around 16pc by 2020. These included urbanisation, a larger working age population and investment in broadband.

“By 2025, an estimated 921m people or 65.4pc of China’s population, will live in cities, which is about 2.6 times of the United States’ total population”, says Archana Amarnath at Frost & Sullivan.

She added that the growth in Chinese mega cities will supplement Asia’s growing role as the world’s financial centre.

-The Telegraph, Finance Section.

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