China’s Guangdong province, which borders Hong Kong and Macau, is expected to catch up with France, the U.K. and seven other countries in terms of GDP by 2035, rising to the equivalent of the sixth largest economy in the world, Yicai.com reported.
According to a report released by the Guangdong Academy of Social Science, the region’s GDP will reach 26.2 trillion yuan, or about US$4.14 trillion by 2035, accounting for 12.4% of China‘s total GDP, a rise of 1.7% from 2016.
It means Guangdong will gradually exceed Spain, Australia, South Korea, Russia, Canada, Italy, Brazil, France and the U.K. in GDP.
As well, the province will account for 2.08% of the world‘s total GDP, compared to the 1.57% in 2015.
Also, it is predicted that the per capita GDP of Guangdong will exceed the key mark of 100,000 yuan in 2022. By 2035, that figure is projected to reach 19.9 million yuan.
Thats good point. Are we anticipating the said economies to sit back and wait for the claimed province or city to overtake them?
Muhammad Fayyaz Picking on just one example cannot disqualify the claim. It well known that geographic vicinity positively affect diffusion
Diffusion theory agrees with that
California is not waiting for it to catch catch up with it
Fröit Mi Baja California borders California, the 6th largest in the world. So, where is the same phenomenon?
Muhammad Fayyaz
The economy of Mexico is the 15th largest in the world. Enough said.
Absurd logic, now Mexico is also neighbouring USA, did it learn any thing from its neighbour and became top economy? The credit goes to the Chinese government who made it possible.
When you have Hong Kong and Macau as neighbors, you are expected to at least learning something good from them.