China overtakes US as worldࢀ™s largest economy: IMF . . . but why is the media silent?

The world is waking up to a new reality post the devastating pandemic that brought everything to a grinding halt. One of them is the rise of China as the undisputed new economic superpower. According to the IMFࢀ™s World Economic Output 2020 released recently, China has now overtaken the US to become the worldࢀ™s largest economy. Yes, you read that right. The International Monetary Fund (IMF), using the more reliable and now widely accepted yardstick, called the Purchasing Power Parity (PPP), has determined Chinaࢀ™s economy at US$24.2 trillion compared to Americaࢀ™s US$20.8 trillion. The PPP calculation method used by the…