Thursday, December 4, 2014

Chinese Economy Surpasses American

My fellow Americans, it is with deep regret that I pass on this news.  For the first time since the presidency of U.S. Grant, the United States no longer has the world's largest economy.  That distinction has been handed over to China, which has undergone tremendous growth during recent decades.  For example, in 2000, the American economy was almost three times as large as the Chinese.  For 2014, the score is China $17.6 trillion - USA $17.4 trillion.

Read more at MarketWatch, Vanity Fair, AOL and Quartz.

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