China Overtakes US As World's Largest Economy - Foreign Affairs - Nairaland
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| China Overtakes US As World's Largest Economy by TomiwaDamola(f): 5:45am On Dec 06, 2014 |
The International Monetary Fund recently released the latest numbers for the world economy. And when you measure national economic output in “real” terms of goods and services, China will this year produce $17.6 trillion — compared with $17.4 trillion for the U.S.A. To put the numbers slightly differently, China now accounts for 16.5% of the global economy when measured in real purchasing-power terms, compared with 16.3% for the U.S. This latest economic earthquake follows the development last year when China surpassed the U.S. for the first time in terms of global trade. These calculations are based on a well-established and widely used economic measure known as purchasing-power parity (or PPP), which measures the actual output as opposed to fluctuations in exchange rates. The US was the world’s largest economy since 1872, when it overtook Britain. The IMF projected in early October that China’s economy will be 20 percent bigger than that of the US by 2019. China remains the biggest foreign holder of US government debt, holding an estimated $1.27 trillion in US Treasury bonds. http://www.marketwatch.com/story/its-official-america-is-now-no-2-2014-12-04 http://www.presstv.ir/detail/2014/12/04/388798/china-beats-us-as-worlds-largest-econ/ |
| Re: China Overtakes US As World's Largest Economy by Greyworld: 5:53am On Dec 06, 2014 |
Wf the amout of chinco products in 9ja market yu don't av a reason2 doubt dis.............. #WakeupNigeria. 1 Like |
| Re: China Overtakes US As World's Largest Economy by Nobody: 5:59am On Dec 06, 2014 |
Nigeria will get there!! 1 Like |
| Re: China Overtakes US As World's Largest Economy by Noneroone(m): 6:02am On Dec 06, 2014 |
Good news! |
| Re: China Overtakes US As World's Largest Economy by AceOfDiamonds(m): 6:08am On Dec 06, 2014 |
The Chinese are really productive! |
| Re: China Overtakes US As World's Largest Economy by Nobody: 6:36am On Dec 06, 2014 |
I saw it coming. It's not surprising  |
| Re: China Overtakes US As World's Largest Economy by jeflexy(m): 6:38am On Dec 06, 2014 |
Seun must see this.. |
| Re: China Overtakes US As World's Largest Economy by okosodo: 6:54am On Dec 06, 2014 |
This will make the super dollar shrink, i am already under water |
| Re: China Overtakes US As World's Largest Economy by Horus(m): 11:57am On Dec 06, 2014 |
| Re: China Overtakes US As World's Largest Economy by OmoUSH(m): 12:49pm On Dec 06, 2014 |
If dem Chinko like make dem become the world biggest economy for the next century, it does not take from the fact that USA WILL GOVERN THE UNIVERSE TO TIME INDEFINITE, even Dem Chinkos know this incontestable fact! |
| Re: China Overtakes US As World's Largest Economy by marvelousabah(m): 4:23pm On Dec 06, 2014 |
Interesting |
| Re: China Overtakes US As World's Largest Economy by Godmother(f): 7:56am On Dec 16, 2014 |
About time! I'm not surprised at this, at the rate China is going. Let's hope that by 2019 Nigeria's economy would have improved to an extent as well. We may not be competing for world leadership right now, but let's leave the crawling stage at least. There are a lot of intelligent and smart Nigerians. Let's spend less time being fradulent and channel that energy towards being inventive. 2 Likes |
| Re: China Overtakes US As World's Largest Economy by menesheh(m): 10:51am On Dec 17, 2014 |
Since 1872 |
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