China surpasses U.S. to become largest world economy

Featured Image: The renminbi is the official currency of the People’s Republic of China. The name (simplified Chinese: 人民币; traditional Chinese: 人民幣; pinyin:rénmínbì) literally means “people’s currency”. Renminbi banknotes 100, 50, 20, 10, 5, and 1 yuan (2005 series). Credit: Uploaded by Heilme Source: Wikipedia (Fair Use).

Fox News Published December 06, 2014

For the first time in decades, the U.S. is no longer the largest economy in the world, and China has become number one, the International Monetary Fund says.

The IMF recently released the latest numbers for the world economy, stating that China will produce $17.6 trillion in terms of goods and services–  compared with $17.4 trillion for the U.S.

Just 14 years ago, the U.S. produced nearly three times as much as the Chinese, Dow Jones’ MarketWatch reported. . . . Read Complete Report

China,_Mao_ Wikipedia Public DomainImage: Mao Zedong founding the People’s Republic of China in 1949. Source: Wikipedia. CreditUploaded by Matanya (usurped) (Public Domain).

 

 

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