F-22Raptor
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HONG KONG—The sharp slowdown in China’s growth in the past year is prompting many experts to reconsider when China will surpass the U.S. as the world’s largest economy—or even if it ever will.
Until recently, many economists assumed China’s gross domestic product measured in U.S. dollars would surpass that of the U.S. by the end of the decade, capping what many consider to be the most extraordinary economic ascent ever.
But...
It’s an embarrassment everyday that China with 4x the population of the US is still unable to surpass US GDP. The average American is far more productive than the average Chinese.
Until recently, many economists assumed China’s gross domestic product measured in U.S. dollars would surpass that of the U.S. by the end of the decade, capping what many consider to be the most extraordinary economic ascent ever.
But...
China’s Economy Won’t Overtake the U.S., Some Now Predict
Slowing growth has damped expectations that the Chinese economy will become the world’s largest by the end of the decade.
www.wsj.com
It’s an embarrassment everyday that China with 4x the population of the US is still unable to surpass US GDP. The average American is far more productive than the average Chinese.