September 10th, 2020 
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Eurasia wants to become a single market to export goods, services and technology
A massive $2.8bn market of $70 billion worth of Chinese goods is set to be opened up in Eurasia, according to new trade projections published by a prominent research organisation.
The Chinese economy is set to grow by 7.5 per cent in 2012, the Eurasia Development Bank, which published the report on T보성출장마사지hursday, believes. It expects China’s exports of agricultural produce to grow by 15 per cent between 2010 and 2020 – equivalent to more than $2bn a year.
The economic boom is expected to generate $2.2bn in GDP this year and up to $5.6bn in the next few years. This would increase China’s output by an average of 10 per cent every year.
China already accounts for 70 per cent of the world’s arable land, and the Eurasia Development Bank projection suggests this could grow to 90 per cent within five years.
It says China would like Eurasia to be a single market, with its goods sold and services carried out under one roof.
The rise in global trade with China would add $700bn to China’s economy ove강남출장마사지r the next 15 years, according to the Eurasia Business Foundation. This would bring $2.5bn in annual GDP to $90.6 trillion.
In the USA, China is already a major trading partner. Over the past 40 years, Chinese imports to the USA reached $8.1tn (£4tn), and since 2000, imports from China totalled $17.5tn.
It is projected the growth rate of China’s agricultural industry in the next two decades will equal the annual growth rate of the world’s agricultural trade and consumption.
As China’s economy grows faster than in any previou우리카지노s quarter, its agricultural exports to the rest of the world will rise to 80 per cent of total trade this year, and by 2050 to 93 per cent.
China hopes to become the biggest world economy by 2050
But while China hopes Eurasia, including the whole region it considers its backyard, to be a one-sided single market, this could prove difficult as its market share in the region is already well below that in the US.
The US Department of Commerce has expressed a willingness to allow trade between the US and China but this has been rejecte
