In purchasing-power-parity terms, China’s economy became the world’s largest in about 2013:So which country’s economy is really bigger? What are the implications of Chinese economic dominance, for the world and for US policy? China’s general hostility to foreign companies will slow this process, but the gravitational pull of the world’s biggest economy will be hard to resist. The final impact of China’s economic rise is geopolitical. So the fact that China is now or will soon be the world’s biggest economy matters a lot.

Source: Mint December 18, 2018 11:15 UTC