China’s economy surpasses US, IMF official addressees shift

Global Business

The overall size of the Chinese economy has now surpassed the United States, according to an International Monetary Fund report released Wednesday.

The IMF’s Global Financial Stability report report found that after adjusting for currency rates, the Chinese economy is now $17.6 trillion, larger than the United States’s $17.4-trillion economy.

But some economists say more traditional GDP standards still puts the U.S. on top.

CCTV America’s Zou Yun spoke to Zhu Min, deputy director of the IMF. She asked him what this new economic growth means for China.

China\'s economy surpasses US, IMF official addressees shift

China\'s economy surpasses US, IMF official addressees shift

CCTV America's Zou Yun spoke to Zhu Min, deputy director of the IMF. She asked him what this new economic growth means for China.

  • liedetector

    No it does not, even with PPP adjustment. How can people use PPP but leave out living standard? Given QE is infinite. The US can print as much money as they want but it will lower to living quality to trade off.
    By the time the American living standard lowered to the Chinese, the US GDP value would have been multiplied by 4 times, given the American disposable income after PPP adjustment.