Within the next three decades, China will surpass the US in every aspect of its economy, Vladimir Putin said, predicting that America will lose its position of dominance in finance and trade.
Speaking to journalists at his annual end-of-year press conference on Thursday, Putin pointed out that “today, China’s economy is already larger than America’s in terms of purchasing power parity.” According to him, “by 2035-2050, it will have surpassed it and China will become the leading economy in the world according to all metrics.”
However, the Russian president continued, the West is working to undermine the world’s most populous nation and strangle its growth. The US-led boycott of the 2022 Olympic Games in Beijing purportedly over human rights abuses is an attempt to make sure China “cannot raise its head” above its competitors, he added.