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China is going to become the worlds largest economy already this year

China is going to become the worlds largest economy already this year

China is going to become the worlds largest economy already this year. According to the international statistical agencies, already this year China is going to supersede the USA as the worlds largest economy considering the GDP calculated by purchasing power parity, i.e. real cost of living. Most economists didnt expect it to occur until 2019; however, according to IMF, in the period since 2011 through 2014, the Chinese GDP is going to grow by 24% while the USA GDP is going to grow only by 7.6%, which shall enable the economy of PRC to overcome the American one already in 2014. 

  • 11.08.2013
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