2017年CRI BRICS to overtake G7 economically in some 2 decades' time: economist

 

The former commercial secretary of the UK Treasury¹ has predicted that BRICS will overtake the G7 economically by around 2035 if China "stays on track."

Jim O'Neill, who coined the acronym² "BRIC" in 2001, says he's made the prediction based on the sheer size of China and its anticipated economic performance.

The former Goldman Sachs economist³ estimates China's economy will grow by 7.5% this decade before eventually slowing down in the next decade.

He also says that whether BRICS become bigger than the G7 will depend on whether China stays on course.

For more on this, CRI's Paul James spoke⁴ earlier with John Ross, Senior Fellow with Chongyang Institute for Financial Studies, Renmin University.

John Ross, Senior Fellow with Chongyang Institute for Financial Studies, Renmin University, speaking with CRI's Paul James.

1 treasury   

n.宝库；国库，金库；文库

参考例句：

• The Treasury was opposed in principle to the proposals.财政部原则上反对这些提案。
• This book is a treasury of useful information.这本书是有价值的信息宝库。

2 acronym   

n.首字母简略词，简称

参考例句：

• That's a mouthful of an acronym for a very simple technology.对于一项非常简单的技术来说，这是一个很绕口的缩写词。
• TSDF is an acronym for Treatment, Storage and Disposal Facilities.TSDF是处理，储存和处置设施的一个缩写。

3 economist   

n.经济学家，经济专家，节俭的人

参考例句：

• He cast a professional economist's eyes on the problem.他以经济学行家的眼光审视这个问题。
• He's an economist who thinks he knows all the answers.他是个经济学家，自以为什么都懂。

4 spoke   

n.（车轮的）辐条；轮辐；破坏某人的计划；阻挠某人的行动 v.讲，谈（speak的过去式）；说；演说；从某种观点来说

参考例句：

• They sourced the spoke nuts from our company.他们的轮辐螺帽是从我们公司获得的。
• The spokes of a wheel are the bars that connect the outer ring to the centre.辐条是轮子上连接外圈与中心的条棒。