Dateline City:
London
Chinese consumer spending to almost quadruple between 2013 and 2024 to $11 trillion (USD); Re-balancing of economy to help domestic economic structure and boost APAC regional growth
LONDON, UK (7 September, 2014) – China will become the world’s largest economy in 2024, according to new analysis carried out by IHS Inc. (NYSE: IHS), the leading global source of critical information and insight.
“Over the next 10 years, China’s economy is expected to re-balance towards more rapid growth in consumption, which will help the structure of the domestic economy as well as growth for the Asia Pacific (APAC) as a region,” said Rajiv Biswas, chief Asia economist for IHS.
Language:
English
