Thought for the day

When China Rules the World

Why China will dwarf the US in under a decade

21 June 2024
Chinese GDP will be more than double that of the US in just over a decade, if recent growth rates persist. Economic activity in China is almost certainly already over 33% larger than in the USA.

China vs. United States
% Share of Global GDP
When China Rules the World
* GDP in Purchasing Power Parity terms with added estimates for the size of the informal economy and adjustments for out-of-date GDP base year data.

Few investment portfolios, business plans or government calculations reflect the large and growing dominance of Chinese economic activity, mostly because of the inappropriate use of market prices to assess the relative size of economic activity, the omission of key data on the shadow economy, and calculating GDP from outdated base years. 

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