New chart shows China could overtake the U.S. as the world’s largest economy earlier than expected

The latest GDP reports show that of the U.S. fell by 2.3% in 2020, while China’s grew by 2.3% amid the coronavirus pandemic.

The divergence means China will likely overtake the U.S. as the world’s largest economy a few years earlier than anticipated, economists said.

However, they pointed out the two countries have different economic structures, and China’s per capita GDP is still far below that of the U.S.

https://www.cnbc.com/2021/02/01/new-chart-shows-china-gdp-could-overtake-us-sooner-as-covid-took-its-toll.html

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