'China will be 2nd most powerful nation by 2050'

May become largest economy by 2030: Report

BEIJING - The country's top think tank has predicted China will be the world's most powerful nation, second only to the United States, by the year 2050.

China will also strive to be among the top five most competitive countries of the G20 by 2020, the Chinese Academy of Social Sciences (CASS) said in its Report on National Competitiveness of China, which was released on Monday.