GDP could be 2.5 times that of the US by 2030

China's economy could be 2.5 times that of the US by 2030, based on Japan's experience and the yuan's appreciation against the greenback, a senior Chinese economist says in Harvard Business Review's Chinese edition.

The forecast by Justin Lin Yifu, head of Peking University's China Center for Economic Research and chief economist-designate of the World Bank - in the May issue of the magazine published on Thursday - is one of the most ambitious for China's economic growth.

By 2030, it is possible that the per capita GDP of China reaches half of that of the Americans. Given that the Chinese population might be five times that of the US at that time, the Chinese GDP would be 2.5 times of the US.