Economist magazine bets professor over China's future

From bbc.co.uk

"The bet's still on," says Simon Cox, Asia economics editor at the Economist. "Though it won't be resolved till the end of the decade." The Economist's side of the bet - that China will overtake the US by 2018 - was the default scenario in an interactive forecaster that they stuck on their website to let readers play God with the Chinese economy. "[2018] seems quite soon, but then you look at the individual assumptions, and they don't seem too whacky." One crucial assumption is the exchange rate. Mr Cox's team expects the yuan to strengthen against the dollar, even while prices rise more quickly in China, meaning that ... (full story)