I remember around 2008/2010 it seemed to be a consensus among many people that the Chinese economy would be the largest in the world very, very soon. I think some estimates were even saying by 2016. I just looked it up today and this is where it stands:
1 United States 18,558,130 (Thanks Obama!)
2 China 11,383,030
The gap hasn't changed much in the past couple of years, and they definitely won't catch us by 2020 at this rate. Was all that talk overblown? Or is China still on track to be the worlds largest economy? What do you guys think.
(I know if you go by current growth rates, they will be the largest eventually. I'm more asking if it's sustainable)
In 2010 China's economy was about 35% of the US economy. It is now over 60%. This can hardly be considered little change.
