Asia New Vision Forum: China Expected to Be World’s Biggest Economy by 2050, Thornton Says
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China is expected to replace the U.S. to become the world’s largest economy by 2050 with a GDP of more than $40 trillion, John Thornton, chairman of Redbird Capital Partners and former co-president of Goldman Sachs Group Inc., told the Asia New Vision Forum 2024 Thursday.
“The 10 leading economies in the world in the year 2050 will be, and I’m doing this in order: China, the United States, India, Indonesia, Germany, Japan, the U.K., Brazil, South Korea, and France,” Thornton said at the international business leadership conference in Singapore, which was organized by Caixin.
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- By 2050, China is projected to become the world's largest economy with a GDP of around $42 trillion, overtaking the U.S. at $38 trillion.
- The ten leading economies in 2050 will include China, the United States, India, Indonesia, Germany, Japan, the U.K., Brazil, South Korea, and France.
- ASEAN’s GDP is expected to exceed $12 trillion by 2050, making it the fourth-largest economy if considered a single entity.
- Redbird Capital Partners
- Redbird Capital Partners is chaired by John Thornton, who provided insights at the Asia New Vision Forum 2024. Thornton is also a former co-president of Goldman Sachs Group Inc. The firm is involved in capital investments, though the article does not detail its specific activities or focus areas.
- Goldman Sachs Group Inc.
- Goldman Sachs Group Inc. is a leading global investment banking, securities, and investment management firm. John Thornton, a former co-president of Goldman Sachs, provided economic forecasts at the Asia New Vision Forum 2024. The firm is known for its financial services, including advisory, underwriting, and asset management.
- 2022：
- ASEAN achieved a combined GDP of $3.6 trillion.
- 2024-09-26：
- John Thornton, chairman of Redbird Capital Partners and former co-president of Goldman Sachs Group Inc., spoke at the Asia New Vision Forum 2024 and predicted that China would become the world’s largest economy by 2050.
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