China’s Economy Might Surpass America’s This Year In PPP-Adjusted Terms

I have previously estimated that China’s economy would surpass America’s by 2020 in terms of nominal GDP at current exchange rates. That stills seems likely, but because poorer countries usually have much lower price levels and because per capita income in China is so much lower (while its population is much larger) China wilkl surpass America much sooner in PPP-adjusted terms. Now The Economist estimatesthat China’s economy might surpass America’s by the end of the year in PPP-adjusted terms.


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