China Surpasses US To Become World’s Largest Economy - Business - Nairaland
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| China Surpasses US To Become World’s Largest Economy by siraj1402(m): 7:23am On Dec 05, 2014 |
The US is no longer the world’s largest economy, as China has overtaken the country, the International Monetary Fund (IMF) says. China now sits atop the world’s economic perch, according to the IMF, which released the latest numbers for world economies by measuring purchasing power parity (PPP). By the end of 2014, China’s economic output will amount to $17.6 trillion, and the US will be demoted to the second place with a mere $17.4 trillion of output. The Financial Times also said China’s growth means it now accounts for 16.5% of the global economy in real purchasing power terms, compared to the 16.3% for the US. 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. Earlier this year, China and Russia agreed to a measure to undercut the domination of the US dollar as the international reserve currency by paying each other in domestic currencies. http://www.presstv.com/detail/2014/12/04/388798/china-beats-us-as-worlds-largest-econ/ AB/HJL/MHB
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| Re: China Surpasses US To Become World’s Largest Economy by siraj1402(m): 7:24am On Dec 05, 2014 |
That's where we are going(Nigeria)with a real change. |
| Re: China Surpasses US To Become World’s Largest Economy by Edwinmason(m): 7:29am On Dec 05, 2014 |
Naija will soon be in dat position dat my dream |
| Re: China Surpasses US To Become World’s Largest Economy by dwizy(m): 7:50am On Dec 05, 2014 |
RESULT OF:::: Hardwork..... Good Leadership..... Dedication..... Lack Of Nepotism....... Lack Of DO or DIE in politics...... Voting beyond ethnic and religious Background.... Constructive Criticism .... Sincerity of the Civil service......etc. Naija where are we? Not saying we should get that close, but at least, let's start the engine Ǻπϑ hope we start to move someday. *Chai* |
| Re: China Surpasses US To Become World’s Largest Economy by dwizy(m): 7:51am On Dec 05, 2014 |
**** Sorry, Entered a post twice**** |
| Re: China Surpasses US To Become World’s Largest Economy by simplemach(m): 8:04am On Dec 05, 2014 |
Thought i have heard this before.but like seriously i think Nigeria can attain thus level in the nearest future. |
| Re: China Surpasses US To Become World’s Largest Economy by ITbomb(m): 8:10am On Dec 05, 2014 |
No matter who has the biggest economy, the welfare of the US citizens are much better than the Chinese which is like one big concentration camp |
| Re: China Surpasses US To Become World’s Largest Economy by jamace(m): 9:51am On Dec 05, 2014 |
It is already predicted that US will crumble on Wednesday, 28 January 2015. It is called, 'Bloody wednesday'. |
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