Latest figures from the World Bank:
- based on exchange rates, the US economy is $12 trillion p.a. while China's is $2.24 trillion
- based on Purchasing Power Parity, China jumps to $5.33 trillion, making it the world's second largest economy
(PPP looks at the purchasing power of currencies in home currencies and is often used to compare standards of living)
more pain to come, page-18
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