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Follow Business Insider: The lineup of global economic powerhouses is going to see some changes by 2050. China is expected to surpass the US in terms of nominal GDP by 2026 â aka in 11 years, according to The Economist Intelligence Unit. India, the strongest emerging market, is expected jump to third place, with real growth averaging around 5% by 2050. Plus, Indonesia and Mexico will vault up into the top 10.
China's shift to a market-oriented economy has buoyed its growth and rise to one of the largest economies in the world. China is the fastest growing economy with average annual growth rates of 10%. The Chinese are the largest exporters in the world. If China stays on pace and current trends in other economies continue, China will overtake the US as the world's top economy in a decade, if not a few years sooner. #1.