CHINA IS NO LONGER ON TRACK TO OVERTAKE THE UNITED STATES
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Forecasts that China would become the largest economy in the world have been repeatedly revised downward. Data from Oxford Economics indicates that the gap between China and the United States is widening. China's nominal GDP is currently roughly 77 percent of the United States economy.
CHINA IS NO LONGER ON TRACK TO OVERTAKE THE UNITED STATES For two decades the consensus held that China would soon become the world’s largest economy. Those forecasts have been revised downward again and again. The latest numbers from Oxford Economics show the gap is widening, not closing. China’s nominal GDP reached roughly 77 percent […] The post CHINA IS NO LONGER ON TRACK TO OVERTAKE THE UNITED STATES first appeared on The Zambian Observer .