• 133arc585@lemmy.ml
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    1 year ago

    It’s just difficult to fathom that the largest economy in the world

    Using GDP PPP as measure, the size of China’s economy surpassed that of the USA as far back as 2014. It is currently about 25% larger.

    • zephyreks@lemmy.ca
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      1 year ago

      Built on top of an artificially stimulated real estate industry. It’s not necessarily useful GDP, although I do agree that China’s economy is likely larger than the true GDP numbers indicate solely because of the RMB’s centralized control deflating Chinese currency value.