China to overtake US by 2018 - PwC

China will overtake the US as the world's largest economy by 2018 as the global financial crisis propels the shift in economic power to emerging countries, says PricewaterhouseCoopers.

The firm's analysis found the E7 emerging economies, comprising China, India, Brazil, Russia, Mexico, Indonesia and Turkey are likely to surpass the G7 economies before 2020. PwC chief economist John...