China will become the global economy's biggest growth driver in the next 5 years, doubling the US contribution, IMF says

• The IMF said China will be the largest driver of global economic growth in the next five years.
• China will contribute 22.6% of total world growth, while the US will contribute 11.3%.
• Half of global growth will be concentrated in China, the US, India, and Indonesia.

China will become the biggest driver of global growth over the next five years and will contribute double what the US adds, according to the International Monetary Fund.

Based on Bloomberg calculations from data in the IMF's World Economic Outlook released last week, China's slice of global gross domestic product expansion will be at 22.6%, India's will be 12.9%, and the US will add 11.3%.