Gao Shanwen calculated today: China will join the ranks of high-income economies as soon as this year; China's GDP will surpass that of the United States within 10 years. China's total economic output will certainly surpass that of the United States, and after surpassing it, it will always maintain its position as the world's largest economy for quite a long time. This is an extremely significant change in the world economic pattern since the United States became the world's largest economy at the end of the 19th century, and will have a far-reaching impact on the global order....

After a year that made a mockery of every best-laid investment plan, the prognosticators of Wall Street could be forgiven for greeting 2021 with an abundance of caution.
Instead if there's an oversupply of anything, it's optimism.
Recovery. Revival. Rotation. Reset. These are the words dominating the annual stack of market outlooks from the world's biggest banks and investment firms for the year ahead. Caveats abound, but the consensus is that after the Covid-spurred crash, the vaccine is setting the stage for a new period of economic growth—and rising asset prices....