Apparently, the China Century Already Ended.

Back in June, 2015, I asked the question:  "Will the China Century end in 2019?"  That article analyzed International Monetary Fund projections to point out in that year China will contribute less nominal gross domestic product than the United States.

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...]