Will China overtake US in due course?
This dramatic question was asked in Commodity Today. It says that at the beginning of the twenty-first century, the US-economy was eight times larger than China’s – ten years later the figure was down to four-times. China’s $4.9-trillion economy has already passed Germany’s to become the world’s third largest, and is on course to overtake #2, Japan, this year.
China has emerged to become the world’s largest exporter, shipping $1.2 trillion worth of goods abroad last year, and overtaking Germany, which held the title of world’s biggest exporter since 2002.
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