Xi Jinping's new strategy- China overtakes the US- - News

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Xi Jinping's new strategy: China overtakes the US?
China will overtake the United States as the world's largest economy in more than a decade, despite hostility from Washington, according to the Chinese government's research agency.

It is forecast that China surpasses the US and becomes the largest economy in the world.

Forecasts are made by researchers at the Center for Development Studies, under the State Council of China.

The Development Research Center report reflects key views in Beijing about the success of the government's new development strategy to focus more on the domestic market, amid escalating tensions and America in economics, technology and geopolitics.

The report underlines the big forecast that China's resurgence is unstoppable.

Chinese President Xi Jinping on August 31 reaffirmed that the country needs to "speed up" the implementation of the "dual circulation" strategy introduced by the Chinese leadership in May, as the external environment has become should be more volatile and more antagonistic to Beijing.

This strategy is described as gradually forming the subject of "large circulation" domestically,

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