China’s Economy and Its Effect on the U.S. Economy
China’s economy produced $22.5 trillion in 2019, according to the World Bank. That’s based on purchasing power parity which takes into account the effect of exchange rates, making it the best method for comparing gross domestic product (GDP) by country. Note China is the world’s largest economy. The United States is second, producing $20.5 trillion. The European Union is third, at $19.9 trillion.1 China … Read more