When Will China’s Economy Overtake America’s?
As China’s economy continues to grow and eventually matches US GDP, the demand that the Chinese assume greater responsibility for the global economy’s health will become stronger. By almost all recent estimates, they have little time to prepare.
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BEIJING – Is China poised to surpass the United States to become the world’s largest economy? The International Monetary Fund recently predicted that the size of China’s economy would overtake that of the US in terms of purchasing power parity (PPP) by 2016.