According to the International Monetary Fund (IMF), China will become the biggest driving force for global growth in the next five years, and its growth contribution rate will be twice that of the United States.
Foreign media calculated based on the IMF World Economic Outlook report that 75% of the world's economic growth in the next five years will come from 20 countries, and more than 50% of the global economic growth will be contributed by four countries: China, India, the United States and Indonesia.
Among them, China's share in global GDP growth in the next five years will reach 22.6%, far exceeding other countries; India's will rank second, reaching 12.9%; the United States will rank third, reaching 11.3% ; Indonesia's contribution rate is about 3.6%, ranking fourth.
The IMF also expects the four BRICS countries (Brazil, Russia, India and China) to brace for strong economic growth over the next five years, contributing more to global economic growth than the Group of Seven (G7). The four BRICS countries are expected to contribute nearly 40 percent of global economic growth by 2028.
Bank of America Raises China's Economic Growth Forecast
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