Nextbigfuture found cost of living data indicating that China’s purchasing power parity economy is about $31 trillion. This is 30% larger than official estimates and is 50% larger than the $21 trillion US economy. In a decade or two China’s currency will strengthen to a value that matches its purchasing power level. Japan reached per capita income levels equal to the people in the UK. This is about 70% of the per capita level of the USA. The USA will also have immigration and population growth to 400-450 million people in the mid-21st century. China’s per capita income should double
The post China Becoming Economically Stronger Than the USA But Not the US and Allies first appeared on NextBigFuture.com.
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