China Is Number One

China Is Number One

According to the Business Insider, the International Monetary Fund reported that China has officially surpassed the United States as the nation with the largest economy. This periodical goes on to explain, “the IMF measures both GDP in market-exchange terms and in terms of purchasing power. On the purchasing-power basis, China is overtaking the US right about now and becoming the world’s biggest economy.”

Americans aren’t generally too keen on giving up coveted titles. With elections just around the corner, sliding into second place may not bode well for the powers that be. With so many Americans affected by a sluggish economy, the winning tickets may just belong to those who can and are willing to wrestle back that coveted title from China.

 

Click here to read the full Business Insider article. 

 

 

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