Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,143,278 members, 7,780,634 topics. Date: Thursday, 28 March 2024 at 06:13 PM

China Overtakes US As World's Largest Economy - Foreign Affairs - Nairaland

Nairaland Forum / Nairaland / General / Politics / Foreign Affairs / China Overtakes US As World's Largest Economy (1009 Views)

After 142 Years Of Dominance, China Overtakes U.S As World's Largest Economy / At Last, China Overtakes America As World’s Largest Economy / The World’s Largest Gay Mass Wedding Holds In Brazil [photos] (2) (3) (4)

(1) (Reply) (Go Down)

China Overtakes US As World's Largest Economy by TomiwaDamola(f): 5:45am On Dec 06, 2014
The International Monetary Fund recently released the latest numbers for the world economy. And when you measure national economic output in “real” terms of goods and services, China will this year produce $17.6 trillion — compared with $17.4 trillion for the U.S.A.

To put the numbers slightly differently, China now accounts for 16.5% of the global economy when measured in real purchasing-power terms, compared with 16.3% for the U.S.

This latest economic earthquake follows the development last year when China surpassed the U.S. for the first time in terms of global trade.

These calculations are based on a well-established and widely used economic measure known as purchasing-power parity (or PPP), which measures the actual output as opposed to fluctuations in exchange rates.



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.

http://www.marketwatch.com/story/its-official-america-is-now-no-2-2014-12-04

http://www.presstv.ir/detail/2014/12/04/388798/china-beats-us-as-worlds-largest-econ/
Re: China Overtakes US As World's Largest Economy by Greyworld: 5:53am On Dec 06, 2014
Wf the amout of chinco products in 9ja market yu don't av a reason2 doubt dis..............

#WakeupNigeria.

1 Like

Re: China Overtakes US As World's Largest Economy by Nobody: 5:59am On Dec 06, 2014
Nigeria will get there!!

1 Like

Re: China Overtakes US As World's Largest Economy by Noneroone(m): 6:02am On Dec 06, 2014
Good news!
Re: China Overtakes US As World's Largest Economy by AceOfDiamonds(m): 6:08am On Dec 06, 2014
The Chinese are really productive!
Re: China Overtakes US As World's Largest Economy by Nobody: 6:36am On Dec 06, 2014
I saw it coming. It's not surprising smiley
Re: China Overtakes US As World's Largest Economy by jeflexy(m): 6:38am On Dec 06, 2014
Seun must see this..
Re: China Overtakes US As World's Largest Economy by okosodo: 6:54am On Dec 06, 2014
This will make the super dollar shrink, i am already under water
Re: China Overtakes US As World's Largest Economy by Horus(m): 11:57am On Dec 06, 2014

https://www.youtube.com/watch?v=zFXnFdpfg_4

[size=15pt]China is the world's new superpower[/size]
Re: China Overtakes US As World's Largest Economy by OmoUSH(m): 12:49pm On Dec 06, 2014
If dem Chinko like make dem become the world biggest economy for the next century, it does not take from the fact that USA WILL GOVERN THE UNIVERSE TO TIME INDEFINITE, even Dem Chinkos know this incontestable fact!
Re: China Overtakes US As World's Largest Economy by marvelousabah(m): 4:23pm On Dec 06, 2014
Interesting
Re: China Overtakes US As World's Largest Economy by Godmother(f): 7:56am On Dec 16, 2014
About time! I'm not surprised at this, at the rate China is going. Let's hope that by 2019 Nigeria's economy would have improved to an extent as well. We may not be competing for world leadership right now, but let's leave the crawling stage at least.

There are a lot of intelligent and smart Nigerians. Let's spend less time being fradulent and channel that energy towards being inventive.

2 Likes

Re: China Overtakes US As World's Largest Economy by menesheh(m): 10:51am On Dec 17, 2014
Since 1872

(1) (Reply)

King Abdullah Of Saudi Arabia Dies At 90 / Top Swede Leaks Secret CAR Child Rape Report(Photo of aid worker) / 5 Reasons Why Donald Trump Will Win

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 11
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.