King Kung Posted August 3, 2014 Report Share Posted August 3, 2014 An equally interesting story is why China's currency isn't the most broadly used and why their economy isn't the largest in the world. They have 1.4 billion citizens compared to the US's 314 million, nearly 5x. In 2012, China's GDP was $8.227 trillion while the US was $15.7 trillion. How can the output (market value of all officially recognized final goods and services produced within a country in a year) of a country with five times the workforce be half that of a comparative economy? Economically, I'm not sure it's a good comparison at all. Link to comment Share on other sites More sharing options...
baa99 Posted August 3, 2014 Report Share Posted August 3, 2014 Because China has currency controls. It is not freely convertible like the USD or Euro. Plus only a fool would believe China's econ. numbers. Link to comment Share on other sites More sharing options...
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