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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 spent the first few months of 2015 selling debt and calling in loans, decreasing its total to less than $1.2 trillion. Meanwhile, Japan increased its holdings of U.S. debt to over $1.23 trillion, taking over the top spot among foreign creditors.hy China Owns So Much US Debt. There are two main economic reasons why Chinese lenders bought up so many U.S. Treasuries. The first and most important is that China wants its own currency, the yuan, pegged to the dollar.