China Just Overtook The US As The World's Largest Economy

[nanarchy]

atma998 said:

nanarchy said:

atma998 said:
As many said, China's GDP is still behind the USA. It will still takes decades before it surpasses USA but this will definitely happens. My estimate is sometime around 2040.

Actually at current growth rate it will surpass the US within the next decade and will be more than double the US by 2030-2040.

Not at all.

 

Current USA GDP is at 16.77 trillion vs. 9.47 trillion for China.

Lets say China's GDP growth is 6% per year in average while USA one is 3% than it means that it will takes until 2033 before China surpasses USA.

That said I don't think China will be able to maintain a 6% GDP growth for 20 years in a row as the growth tend to decrease as China is getting richer.

US growth is well below 3% and China is well above 6%. Current estimates put China passing the US in the 2020-2025 timeframe if current rates are maintained. Chinas growth would have to slow by 30-50% while the US picks up significantly in the next few years for it to take until 2033