Its official, notes Brett Arends in MarketWatch. The Chinese economy is now official number one in the world, as Arends says its time for the U.S. to “throw away that big, fat styrofoam finger.” Citing the release of the International Monetary Fund’s latest gross domestic product numbers alongside purchasing power, and low and behold, China now tops the list. China’s economic output The basis of this sobering fact is output of “real” goods and services. As trade deal after trade deal have allowed U.S. manufacturers to offshore manufacturing jobs, China’s economic output this year is $17.6 trillion, compared to $17.4 trillion…
Old News: China Leads U.S. iIn Global Output
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.
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