I think it won't happen anytime soon. Although I'm not closing the possibilities.
China has been far ahead in terms of combatting the pandemic crisis. I applaud their pacing in addressing the needs of their citizens despite having a breakout early last year in one of their cities. China's economy has slowly recovered compared to the neighboring countries that are still stuck from lockdowns and quarantine protocols. Which I think have a nice impact to their economy because the residents can freely move and the businesses are fully operational.
However, let's also put into consideration that the vaccines are on roll already. Soon enough, majority of the countries will achieve herd immuty through the help of vaccinations. This will help most countries recover, particularly the US. Let's not forget that US is still the leading country in the world despite the pandemic crisis. So, I think, China will still have a hard time competing to get the top spot and replace US as having the largest global economy by 2028.
But then again, who knows? Only time can tell.
There is no pandemic in China. They managed to contain the pandemic many months back and the isolated cases that are being reported from there are migrated individuals coming from other countries. China, despite a population of 1.41 billion remains the only country in the world which has eradicated the pandemic, and all the other countries are struggling to contain it. And I am not sure whether vaccination can completely eradicate COVID 19. Because countries such as Seychelles and
UK have achieved more than 50% vaccination rate. But even now, dozens of deaths are being reported from these countries everyday.I just checked, and it's not
dozens of deaths, actually.
Here's the numbers for 2 days ago:
and these are for yesterday:
(No new cases and deaths for Seychelles at all)
So, it looks like the vaccine is working, and not only China is recovering. Also, regarding China, the whole world should be happy about the pandemic is being contained there. China's share of global GDP is over 18% currently, and, in fact, everybody's interested in the growing of the Chinese economy, every country, including the US.