REALPOLITIK: China, Number One Economic Power for Half Decade, Dashes On – By John V. Walsh

China has the world’s largest GDP in PPP (Purchasing Power Parity) terms and this has been true since November, 2014.

RIELPOLITIK

Source – unz.com

“…Here the conventional wisdom views China’s as the number two GDP – but the surprise to most people is that in fact it is number one. China now has the largest GDP in the world in Purchasing Power Parity (PPP) terms, a metric used by the IMF, World Bank and even the CIA for comparing GDPs of different countries”

China, Number One Economic Power for Half Decade, Dashes On – By John V. Walsh

Ignorance or Denial by the U.S. Poses Grave Dangers

The recent China International Import Expo (CIIE) in Shanghai attracted little attention in the Western press but it is one more reminder that China is an economic and trading powerhouse that has surpassed the US. That is right, the word is “surpassed.” The CIIE also serves to remind us that China’s economic power now stands on four mighty pillars.

Americans must understand this…

View original post 3,545 more words

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