New Chart Shows China Could Overtake The U.S. As The World’s Largest Economy Earlier Than Expected

• The latest GDP reports show that of the U.S. fell by 2.3% in 2020, while China’s grew by 2.3% amid the coronavirus pandemic.
• The divergence means China will likely overtake the U.S. as the world’s largest economy a few years earlier than anticipated, economists said.
• However, they pointed out the two countries have different economic structures, and China’s per capita GDP is still far below that of the U.S.

(Source: CNBC)