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China's massive economy could slow down soon
China's massive economy could slow down soon. Can this derail the global economic recovery?
What happens when one of the world's biggest economies, barreling along at 80 miles an hour, slams on the brakes? We may soon find out.
China's economy is the sixth or seventh-largest in the world, depending on whom you ask. But adjusting China's undervalued yuan to give it purchasing power parity with the U.S. dollar, China's GDP is actually bigger than that of Japan, according to the latest World Bank data, making it No. 2 in the world.
And that economy, which has been growing at a blistering pace since forever, has begun to overheat, according to recent data. more..
What happens when one of the world's biggest economies, barreling along at 80 miles an hour, slams on the brakes? We may soon find out.
China's economy is the sixth or seventh-largest in the world, depending on whom you ask. But adjusting China's undervalued yuan to give it purchasing power parity with the U.S. dollar, China's GDP is actually bigger than that of Japan, according to the latest World Bank data, making it No. 2 in the world.
And that economy, which has been growing at a blistering pace since forever, has begun to overheat, according to recent data. more..
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