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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.
In June 2017, China owned $1.146 trillion, making it the largest foreign holder of U.S. debt. Japan owns $1.091 trillion. Both Japan and China want to keep the value of the dollar higher than the value of their currencies.