China may never surpass the US to become the world’s largest economy, a leading investment bank has claimed. Nathan Sheets, a global chief economist at Citi cited China’s soaring debt levels, its ageing population, and its property crisis, as factors that would hinder it from knocking America off the top spot. He said it was no longer “inevitable” that China’s economy would surpass the US, stating that it would not happen “until 2080”. The Wall Street economist said that China’s economy has shrunk drastically in the last two years. In 2021, China’s economy was equivalent to 75 per cent of Amer…