The U.K.-based Centre for Economics and Business Research believes that, due to China’s superior response to COVID-19, the Chinese economy will become the world’s largest by 2028, five years earlier than previously forecast.
“For some time, an overarching theme of global economics has been the economic and soft power struggle between the United States and China,” the Centre wrote in a December 26 report. “The COVID-19 pandemic and corresponding economic fallout have certainly tipped this rivalry in China’s favor.”
