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It is standard for politicians, reporters, and columnists to refer to the United States as the world’s largest economy and China as the second largest. I suppose this assertion is good for these people’s egos, but it happens not to be true. Measuring by purchasing power parity, China’s economy passed the U.S. in 2014, and More
The post China is Bigger. Get Over It appeared first on CounterPunch.org.
This content originally appeared on CounterPunch.org and was authored by Dean Baker.