The World Bank’s “International Comparison Program” has recalculated purchasing power parity in such a way as to increase China’s GDP so that it will be the world’s largest economy by the end of this year. China has opposed this recalculation and “does not endorse the results as official statistics.” China fought for a year to prevent the release of this “data.”
China does not want to assume a global leadership position and does not feel itself ready to in any case. The same was true of the US in 1872 when it became the world’s largest economy.
Can’t China take the pressure?
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