The International Monetary Fund (IMF) has predicted that the Chinese economy will surpass that of the US by 2016. The fund’s forecast is based on “purchasing power parities” and says China’s gross domestic product (GDP) will rise from USD 11.2 trillion in 2011 to USD 19 trillion in 2016, while the American economy will increase from USD 15.2 trillion to USD 18.8 trillion. Also, China’s share of the global economy… Read More...
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