Merdeka.com – The Prime Minister of Singapore, Lee Hsien Loong predicts China’s economy will surpass the United States in the foreseeable future. In fact, China is predicted to be the largest in the world in 2028.
Although currently Uncle Sam’s country is still in first place, China’s economic position is right behind the United States.
“The US is still number one but number two (China) is not that far behind,” said Lee Hsien as quoted by the BBC.
Lee Hsien said the economy in China is developing five years faster than previously predicted. This is a tremendous revival because it happened in the last few years.
“That’s what is difficult for the US to accept,” he said.
Moreover, this was followed by increased aggression, both internally and externally under Xi Jinping’s rule. The fierce trade war between the two superpowers occurred in the last two years. The problem is, the trade war has threatened this fragile balance.
He hopes that Joe Biden as the new leader can dampen the noise that is taking place at this time. He wants Biden to become an American President who believes in multilateralism and international trade.
“(I hope) The new American leader will become someone who believes in multilateralism and international trade,” he said.