Finance & economics | The world’s biggest economies
China’s back
This week the International Monetary Fund updated its data on the world economy. For the first time it ranks China’s economy as the world’s biggest in purchasing-power-parity terms. Historians, though, point out that China is merely regaining a title that it has held for much of recorded history. In 1820 it probably produced one-third of global economic output. The brief interlude in which America overshadowed it is now over.
This article appeared in the Finance & economics section of the print edition under the headline "China’s back"
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