According to an analysis of 21 different indicators of a leading economic power – as proposed by The Economist – China is well on its way to becoming the world’s largest economy. The Chinese economy has already overtaken the American economy on more than half of these indicators and is expected to overtake America on the majority of these within the next 10 years. However, this bears little indication of actual wealth. Even if China becomes the world’s largest economy by 2018, Americans would remain much richer, with a GDP per head four times that in China. Still, being the biggest economy in the world doesn’t come without significant advantages….
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