BEIJING, Sept 28 (INP): China’s gross domestic product will stand at $26 trillion in 2030, up from $14.1 trillion today, according to a report published by Bloomberg.

It predicts that the United States gross domestic product will increase from $20.4 trillion to $25.2 million.

It comes only one month after Donald Trump claimed that China would no longer surpass the United States economy because of his presidency, reports added quoting economic experts.

This claim has been refuted by many people, notably the International Monetary Fund which has found that the gap is still slowly closing.

Trump’s brought up his protectionist economic policies at the United Nations General Assembly yesterday by saying, “America will never apologize for protecting its citizens.”

As China and the United Kingdom further strengthen the diplomatic and trade ties between them, Trump criticized the “ideology of globalism” with the statement that America would “choose independence and cooperation over global governance.”

The ideology of globalism that has been rejected by the Trump administration is leading to a “Golden Era” of China-UK relations.

Also at the UN General Assembly, China’s foreign minister Wang Yi and British foreign secretary Jeremy Hunt met to clarify expectations of cooperation.

Hunt said, “Britain highly values its ties with China, and is ready to build a Golden Era together with China.”

The report also predicts that India will surpass Japan and Germany for the title of third largest economy, Australia and Norway will fall out of the top 30 as a result of their small, ageing populations, Bangladesh will rise 16 places to 26th place, and Africa will have more people of working age than China.

INP/J/SB