Until recently, there was a widespread assumption among economists that in the next few years China would surpass the United States in economic might.
They made that premise on the International Monetary Fund’s (IMF) calculations of gross national product (GDP) by purchasing power parity exchange rates, which had already happened in 2018. The debate was not whether but when this would also occur if the sums were done at market rates.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you
