Overtaking the US.
This just in from the International Monetary Fund: China has become the largest economy in the world, finally surpassing the United States. The U.S. became the largest world economy in 1872, surpassing Great Britain. Great Britain became the world’s largest economy in 1870, surpassing … China.
Being the world’s largest economy doesn’t mean having the world’s highest standard of living. The median household income in the U.S. is $52,000. The median household income in China is $2,500.