**WORLD'S TOP ECONOMY**is no longer USA, but CHINA!

"The DRAGON is now the World's 'TOP ECONOMY!' WORLD'S TOP ECONOMY is no longer USA, but CHINA! "It was just a matter of time before China surpassed America as the world’s leading economy based on purchasing power parity (PPP). It’s an exchange rate between currencies measured by the cost of a representative basket of goods in one country v. another. Surprisingly, China’s growth happened faster than experts expected. In 2011, IMF economists estimated it would overtake America in 2016. At the time, they projected its PPP GDP at $18,975.7 trillion v. $18,807.5 trillion for America. They now estimate America’s 2014 PPP GDP at $17.4 trillion v. $17.6 trillion for China. The speed of China’s growth is remarkable. As recently as 2005, its economy was less than half the size of America’s. By 2019, IMF economists expect it to be 20% larger based on PPP. Its phenomenon reflects overall emerging market growth v. developed ones. In 2007, they accounted for around half of global output. It’s now about 57% and rising. By the 2020s, it may approach, reach or surpass two-thirds." ~~ Links: 1) Veterans Today aarticle: "Crowning the Dragon: World’s Top Economy,"by Stephen Lendman, Oct,. 9, 2014. http://www.veteranstoday.com/2014/10/09/crowning-the-dragon-worlds-top-economy/ 2) "China Investment in Israel Said Surpassing U.S., But Some Worry About Strategic Interests," Oct. 114, 2014, The Algemeiner Beta. http://www.algemeiner.com/2014/10/14/china-investment-in-israel-said-surpassing-u-s-but-some-worry-about-strategic-interests/ 3) Images Wikimedia Commons, US and CHINA, Public Domain. https://www.google.gr/search?q=images+wikimedia+commons+US+and+China&biw=1366&bih=643&tbm=isch&tbo=u&source=univ&sa=X&ei=7SKtVL-1B8y7aZOLgpAK&ved=0CB4QsAQ#imgdii=_ 4) Music: Youtube Audio Library "Echinoderm Regeneration" by Jingle Punks https://www.youtube.com/user/YTFreeAudioLibrary 5) Thumbnail Image: Shanghai, China. Wikimedia Commons image, Public domain (see 3 above).