Joe Biden and the Washington Post Are Wrong, China's Economy Is Already 25 Percent Larger than the U.S. Economy

May 02, 2019

CEPR

I suppose it’s hard for people in Washington to get data from the Washington-based International Monetary Fund, otherwise, they would not tell people things like China is the world’s second-largest economy, after the United States. Using purchasing power parity data, which is what most economists would view as the best measure for international comparisons, China’s GDP exceeded the U.S. GDP in 2015. It is now more than 25 percent larger.