A Comparison Of China And The US Economy klusster.com

China and the USA are the two leading economies of the world. These two countries are dominating the world economies since the early 21st century. There are two methods to check the dominancy. The first is the nominal method, and the second is purchasing power parity method. The USA is taking over the global economy in a nominal way, whereas china is dominating in the PPP method. China overtook the US economy in 201