Imagine a world map where the economic tilt no longer points to Wall Street, but to Singapore, Shanghai and beyond. This is the bold vision set out by Danny Quah, professor of economics at the Lee Kuan Yew School of Public Policy at the National University of Singapore. In a recent interview, Quah predicted that the global center of gravity in economics will shift further eastward, possibly settling in the GMT+8 time zone by 2050.
“As the United States’ relative strength declines and the East continues to maintain a strong development momentum, the global center of gravity is set to shift further eastward,” says Quah. While the Chinese mainland’s economic growth rate has stepped down from the double-digit era, its annual contribution to global GDP remains substantial—a key driver in this eastward swing.
So what does a GMT+8 economic hub look like? This time zone already hosts vibrant markets, tech hubs and financial centers. From fintech startups in Singapore to manufacturing powerhouses on the Chinese mainland, and emerging green-tech initiatives across the region, the East is poised to lead the next wave of global growth.
For young entrepreneurs, tech enthusiasts and digital nomads, this shift could spell new opportunities. Start-up ecosystems in GMT+8 markets are already attracting talent, investments and partnerships, while sustainable development projects gain momentum in response to both local needs and global climate goals.
By 2050, the world could see a new economic balance—one where decisions, trends and innovations radiate from Eastern hubs during the GMT+8 workday. Whether you’re a thought leader, a traveler scouting for your next base, or a sports fan tracking global sponsorship deals, the rise of the GMT+8 economy is a story worth watching.
Where do you stand? How will this eastward shift shape your world? Join the conversation below.
Reference(s):
cgtn.com
