Soon as the World Bank chief economist and senior vice president of the Chinese scholar Lin Yifu latest forecast, to Japan's past economic development experience and analysis of the value of the RMB long-term changes, coupled with China's population is five times the United States, to 2030, China's overall Economies of scale for the United States 2.5 times.
According to the "Central News Agency" report, "Harvard Business Review magazine," Traditional Chinese version published in May, China's Peking University Economic Research Center Director Lin Yifu with respect to the "new economy in China a unique phenomenon" of the text.
Lin Yifu, a rule of thumb analysis and observation of life expectancy, sanitation, food and personal consumption expenditures accounted for a proportion of total expenditure, "Engel's Coefficient" indicators, such as data analysis, China's current economic size and similar to the 1960s in Japan, Japan after nearly 30 years of development, per capita income in 1988 to catch up with the United States. He said that the reference to the Japanese precedent, coupled with changes in the value of the RMB long-term, to 2030 China's per capita income is expected to reach half of the United States and China five times the population of the United States, then China's overall economic scale will be 2.5 times the U.S. , To become the world's largest market.
Source: 中国新闻网 May. 2, 2008