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Monthly Archives: October 2014

China Gaining Ground on U.S. in Newest GDP Rankings

China

China is poised to overcome the United States as the world’s leading economy, according to the International Comparison Program (ICP). The study dated summer 2014 also revealed that India recently surpassed Japan for third place. The International Comparison Program serves as a part of the World Bank and assesses world economies based on PPP (purchasing power parity), which is defined ... Read More »