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China to have world’s biggest GDP

CHINA is set to surpass the US as the world’s largest economy by 2028 with its economy growing above 5 percent over the next two decades, Bank of Communications said in a report yesterday.

The bank’s baseline forecast sees China’s gross domestic product growing at 6.5 percent in the next three years, and the average annual growth rate will be at 5 percent between 2021 and 2035.