Re: Fact Sheet on US-China "Trade Relationship"

 

 InvictusCapPart@aol.com wrote

Sent: Tuesday, April 17, 2001

. . .>snip
In 2001, China's economy is only 11 percent the
size of America's, according to the World Bank.

, , ,>

 

This proportion of 11 to 100 seems to be based on nominal US dollars. The more valid PPP valuation (purchasing power parity)is closer to 1 : 2 (i.e., Chinese GDP = 1/2 of US GDP) and the CIA Factbook 2000 writes about China:

 "a quadrupling of GDP since 1978. In 1999, . . ., China became the second largest economy in the world after the US"