by From Dean Baker As we know, Donald Trump is not very good with numbers. He gave more evidence of this fact when he told a campaign rally in West Virginia: “When I came, we were heading in a certain direction that was going to allow China to be bigger than us in a very short period of time …That’s not going to happen anymore.” Actually, China’s economy is already considerably bigger than the US economy. Using the purchasing power parity measure, which is recommended by most economists and the CIA World Factbook, China’s economy is already more than 25 percent larger than the US economy. It is also worth noting that there are no growth projections from any remotely reputable source that show the US economy growing more rapidly than China’s economy.
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from Dean Baker
As we know, Donald Trump is not very good with numbers. He gave more evidence of this fact when he told a campaign rally in West Virginia:
“When I came, we were heading in a certain direction that was going to allow China to be bigger than us in a very short period of time …That’s not going to happen anymore.”
Actually, China’s economy is already considerably bigger than the US economy. Using the purchasing power parity measure, which is recommended by most economists and the CIA World Factbook, China’s economy is already more than 25 percent larger than the US economy. It is also worth noting that there are no growth projections from any remotely reputable source that show the US economy growing more rapidly than China’s economy.