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Russian President Vladimir Putin meets Chinese President Xi Jinping by teleconference in Moscow, Russia. Photo/sputnik
Putin predicts America will lose its dominant position in finance and trade.
Speaking to reporters at his annual year-end press conference on Thursday, Putin pointed out, “Today, China’s economy is already bigger than America’s in terms of purchasing power parity.”
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“In 2035-2050, China will surpass it and China will be the world’s leading economy by all metrics,” Putin said.
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However, the Russian president continued, the West is working to weaken the world’s most populous country and stifle its growth.
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According to Putin, the US -led boycott of the 2022 Olympics in Beijing, allegedly for human rights violations, is an attempt to ensure China “cannot lift its head” above its competitors.
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