When the
International Monetary Fund released its ranking of the largest economies last
month, China returned to top spot for the first time in two centuries. Measured in purchasing power parity, China
moved ahead of the United States, which had been number one since 1820. India is number three.
One hundred years ago
the three top economies were United States, Japan and Britain. Economists think China will continue to grow
for a long time, and better wages will continue to lift a large poor segment of
its society into the middle class where they can become consumers.
Read more in Threes, Chapter 6 “Threes in Economics
and Finance”
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