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Elon Musk predicts Chinese economy to surpass US by 2 -3 tim...
05-03-2020 16:05
Elon Musk predicts Chinese economy to surpass US by 2 -3 times
Elon Musk predicts Chinese economy to surpass US by 2 -3 times

Elon Musk, the creator of the world’s most innovative technical projects, predicted that China’s economic growth would eventually outpace the one of the US leaving it very far behind. “A thing that will feel pretty strange is that the Chinese economy is probably going to be at least twice as big as the United States’ economy, maybe three times,” Musk said during the Air Warfare Symposium in Orlando, Florida. The two nations are already the world’s two leading economies. The US currently dominates with $21.44 trillion in nominal GDP and makes up one-fourth of the global economy. China ranks second with $14.14 trillion GDP being the fastest-growing economy in the world. Elon Musk believes that China will easily surpass the United States due to its large population. The US population roughly totals 330 million people, while China has more than 1.3 billion people. This factor will help China become number one in the economic race. Musk also stresses the importance of prioritizing space innovations in the US. “This is not something that was a risk in times past but is a risk now,” Musk said. “I have zero doubt that if the United States doesn’t seek innovation in space it will be second in space.”

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

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