Big Trouble for Big China

According to IMF estimates, China caught up with the United States in terms of GDP this year, on a Purchasing Power Parity basis. What does this mean? What are the implications? How will it impact competitiveness, international relations, and your investments? We’ll show you.

The International Monetary Fund’s most recent “World Economic Outlook” estimates that China’s GDP, on a Purchasing Power Parity basis, will exceed the comparable figure for the U.S. in 2014 by 1.2 percent. According to IMF data, in 201.....