China is now the world’s largest economy


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posted October 21, 2020 at 12:15 am by Jonathan Dela Cruz "I yield my space to this Harvard professor on Government." China has now displaced the U.S. to become the largest economy in the world. This is what the latest International Monetary Fund (IMF) said in its latest report, entitled World Economic Outlook 2020. Measured by the more refined yardstick that both the IMF and CIA now judge to be the single best metric for comparing national economies, the IMF Report shows that China’s economy is one-sixth larger than America’s ($24.2 trillion versus the US $20.8 trillion). This is the...