Comment on Get used to it, America: We're no longer No. 1

Get used to it, America: We're no longer No. 1

What a difference two decades makes. In 1997, China's gross domestic product was about 11 percent of that of the U.S. By 2017, it was up to 63 percent. But this overstates the difference in living standards between the two countries, since prices are generally lower in China. In purchasing-power-parity...

 

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