Despite that, the Chinese economy has developed robustly.
$6.17 trillion, which was 14.86 times that of China. And China’s GDP based on purchasing power parity was $1.26 trillion and the US’ $6.17 trillion, or five times that of China.
But last year, China’s nominal GDP reached $11.39 trillion, with the US’ being $18.56 trillion, just 1.63 times that of China. But more importantly, China surpassed the US in terms of PPP based GDP — $21.27 trillion compared with $18.56 trillion. In percentage terms, the US’ purSwadeshi