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Why Chinese economy will surpass the US by two or three times


by - 02-28-2020

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A thing that will feel pretty strange is the Chinese economy is probably going to be at least twice as big as the United States’ economy, maybe three times,” Musk said while speaking at the Air Force Association’s Air Warfare Symposium in Orlando, Florida.

The two nations already are the world’s two largest economies. The U.S. dominates with $21.44 trillion in nominal GDP and makes up one-fourth of the world economy. China, however, is the fastest-growing trillion-dollar economy with GDP of $14.14 trillion, according to the Nasdaq.

Because China’s population is about four times larger than the United States, Musk said it would lower the barrier for China to surpass in economic size. The United States has roughly 330 million people, according to the U.S. Census, while China has more than 1.3 billion people.

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