According to Bloomberg, this already happened in 2015.
For the first time in almost a decade, China has lost ground in catching up with the U.S. economy, when output is measured in dollars.
U.S. gross domestic product increased $590 billion in 2015 from a year earlier, according to data released Friday. China’s economy, while reporting 6.9 percent growth for the year, added $439 billion, as a weaker yuan sapped the value of output gains in dollar terms, according to data compiled by Bloomberg. [Read more...]