De­spite that, the Chi­nese econ­omy has de­vel­oped ro­bustly.

China Daily (Hong Kong) - - VIEWS -

$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

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