OECD: China Could Be Fourth Largest Economy In Five Years

Oct. 12, 2005
China's economic growth rate has averaged 9.5% during the past two decades and "seems likely to continue at that pace for some time," says the Paris-based Organization for Economic Cooperation & Development (OECD). Indeed, claims the OECD, China could ...

China's economic growth rate has averaged 9.5% during the past two decades and "seems likely to continue at that pace for some time," says the Paris-based Organization for Economic Cooperation & Development (OECD). Indeed, claims the OECD, China could have the world's fourth largest economy five years from now. The current top four economies, according to OECD data, are the United States, Japan, Germany and France.

"Many industries have become completely integrated into the world's supply chain and, on current trends, China could become the largest exporter in the world by the beginning of the next decade," says the OECD.

The OECD is a group of 30 nations in North America, Europe and Asia that have market economies.

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