Cause for Concern? China's Surge By MARK WEISBROT

Cause for Concern?

China's Surge

By MARK WEISBROT

Various observers have noted this week that China's economy will be bigger than that of the United States in 2016. This comes from the International Monetary Fund's (IMF's) latest projections, which were made in its semi-annual April World Economic Outlook database. Since 2016 is just a few years away, and it will be the first time in more than a century that the United States will no longer be the world's largest economy, this development will be the object of some discussion – from various perspectives.