Chinese GDP will be more than double that of the US in under a decade, if recent growth rates persist. Economic activity in China is almost certainly already approximately 34% larger than in the USA.
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assess the relative size of economic activity, the omission of key data on the shadow economy, and calculating GDP from outdated base years.
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