Tuesday, June 14, 2011

China's Economy to Pass US by 2021


According to Yao Yang (China Daily)


"Is China poised to surpass the United States as the world's largest economy? The International Monetary Fund recently predicted that the size of China's economy will overtake that of the US in terms of purchasing power parity (PPP) by 2016.

Even more radically, Arvind Subramanian of the Peterson Institute of International Economics argues that China actually surpassed the US in terms of PPP in 2010."

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