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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.
Two-way trade between China and the United States has grown from $33 billion in 1992 to over $659 billion in goods in 2013. China is currently the third largest export market for U.S. goods (after Canada and Mexico), and the United States is Chinaâs largest export market. The stock of U.S. foreign direct investment (FDI) in China was $65.8 billion in 2014, up from $54 billion in 2012, and remained primarily in the manufacturing sector.