CounterPunch Exclusives

CounterPunch Exclusives

China’s Is Bigger: Don’t Tell Trump

Image Source: Alex Microbe – Public Domain

Don’t worry folks, we’re keeping our PG rating here. I’m talking about GDP. I had some people question my line in yesterday’s post that China’s economy is one-third larger than the US economy and growing twice as fast.

This is true. The data come from the World Bank. According to the data, China’s GDP last year was $41.2 trillion, compared to $30.8 trillion for the United States.

These numbers are GDP measures by purchasing power parity. This measure applies a common set of prices to all goods and services, regardless of whether they are produced in the........

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