The IMF predicts that China will overtake the U.S. in 2016

Beijing. (EFE) .- The International Monetary Fund (IMF ) says in a report today that gross domestic product (GDP) of China will overtake to the U.S. in 2016 in a comparison based on purchasing power parity (PPP), ie, the real economy.

background report, released today by the official newspaper China Daily “said that China’s GDP will increase from $ 11.2 trillion in 2011 (7.6 billion euros) to 19 billion in 2016 .

That figure exceeds the forecasts of U.S. GDP, which at that time would reach 18.8 billion from the current 15.2 trillion.

this progress, China’s economy will be a 14 per cent of the total, while the U.S. will remain at 17.7 percent, the lowest percentage of the modern era.

comparative data, just a decade ago, the U.S. economy to China three times.

Influential U.S. media indicate that its report, the IMF has launched a bomb that indicates the end of the “Age of America” ​​in five years and nobody has noticed, since the document was published ago two weeks and it was not until today when the Chinese official has published a short note.

This is the first comparison between the two economies in terms of real economy, as the CFP includes scales such as profits and consumption of citizens in their respective economies.

Other reports predicted that China would not break the economic hegemony of the United States until 2020, while Chinese economists earlier this month claimed that the sum of the economies of the four emerging powers (Brazil, Russia, India and China, also known as BRIC) will exceed U.S. GDP in 2015.

But analysts and economic experts in China to call for caution against these odds, and warn about the hidden pitfalls that Chinese capitalism and do not appear in its macroeconomic performance, as its high percentage of NPLs, which could reach up to 60 percent of its GDP, and growing inequality in the distribution of wealth.



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