China's Catching Up With The United States This Year Will Become The World's Largest Economy.

According to the data released by P World Bank today, the US is losing its status as the world's largest economy, and this year its economy is likely to fall behind China. If that is the case, this transcendence is earlier than what is generally expected. < /p >
P has been the largest economy in the world since it surpassed Britain in 1872. Most economists have predicted that the size of China's economy will surpass that of the United States in 2019. < /p >
< p > the above data are compiled by the International Comparison Program, which is the most authoritative estimate of the purchasing power of currencies in different countries, and is used by most public sector and private sector agencies such as the International Monetary Fund (IMF). This is the first update since 2005. < /p >
After studying extensively the price of goods and services, the world bank concluded that the poorer countries' monetary purchasing power is stronger than previously expected, thus raising the relative size of the emerging market economies. P < /p >
< p > as an estimate of the cost of real life, purchasing power parity (PPP) is recognized as the best way to compare the scale of economies, and is more ideal than the volatile exchange rate, which rarely reflects the true cost of goods and services. IMF based on exchange rate indicators, in 2012, US gross domestic product (GDP) was US $16 trillion and 200 billion, while China's GDP was US $8 trillion and 200 billion. < /p >
In 2005, the world bank believes that China's economy is less than half the size of the United States, only 43% of the US P. Using the new approach of purchasing power parity and taking into account the fact that China's economic growth has been significantly faster than that of the United States in recent years, the world bank's research concluded that China's GDP reached 87% of the US in 2011. < /p >
In the case of 2011, the world bank reported that "the United States remains the largest economy in the world, but in terms of purchasing power parity, China is close behind" P. < /p >
< p > > a href= "http://www.91se91.com/news/index_c.asp" > IMF < /a > it is estimated that from 2011 to 2014, China's economy grew by 24%, while the United States increased by only 7.6%, so the scale of China's economy is likely to surpass that of the United States this year. < /p >
< p > these data have completely changed the global "a href=" http://www.91se91.com/news/index_c.asp "economic pattern < /a" picture, improving the importance of large middle income countries. India was the tenth largest economy in the world, and now it is the third largest in the world. In 2005, India's economy was 19% of the United States and 37% of the United States by 2011. < /p >
P, Russia, Brazil, Indonesia and Mexico are among the top 12 in the global economy. In contrast, because of the high cost and low growth, the gap between the UK and Japan in 2005 is far from that of the United States, while Germany's relative position has increased slightly, while Italy has maintained its original rankings. < /p >
The result of "P" will exacerbate the debate over the voting rights of global international institutions such as the world bank and IMF. The world bank and IMF are increasingly out of line with the global economic strength. < /p >
< p > when examining the actual "a href=" http://www.91se91.com/news/index_c.asp "per capita consumption < /a >, the report finds that the fact that the new method plus faster growth in poor countries has led to a" narrowing of the gap between the rich and the poor "and" shows that the world has become more equal ". < /p >
< p > GDP of the world's rich countries still accounts for 50% of the world's GDP, while its population accounts for only 17% of the world's population. < /p >
< p > comparing the cost of living in different countries, the report also found that the four most expensive economies in the world are Switzerland, Norway, Bermuda and Australia. The lowest are Egypt, Pakistan, Burma and Ethiopia. < /p >