THE USA HAS LOST THE ECONOMIC RACE WITH CHIN…

A prominent trait of Trump's foreign affairs was its relationship with China. He blamed China for bypassing trade agreements with the United States: hidden subsidies, theft of intellectual property and undervalued currency among others. There's plenty of accusations. But the Trump administration hid the harsh reality: China's economy outperformed the United States' and, according to the IMF, once assessed by the only analytical measure to compare the extent of various economies ­–which is the GNP index adjusted for Purchasing Power Parity­– it is now much larger

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