A recent research with the world bank has revealed that America, the worlds’ top economy since 1872 will be defeated by China this year.
It was forecast that China will become the top in 2019. But, the China economy has developed rapidly.
The International Comparison Program (ICP) done with World Bank has revealed this for the first time after 2005.
The purchasing power of the currencies was published there and revealed that the economic power of America is getting defeated by China. According to the economists, the American century is now over and the China century is getting started.
