The Age Of America Will End In 2016 When China Blows Past Us — IMF

By Stacy Curtin | Daily Ticker

China's economy will be bigger than the U.S. economy by 2016, says the IMF, using a special measure of economic size called "purchasing price parity."
Measured in dollars, the U.S. GDP will still be 70% bigger than China's by then, but the trend is unmistakable: At some point, barring a wreck of China's economic freight train, China will eclipse the U.S. to become the largest economy in the world.

What will this mean?....


Links:
http://finance.yahoo.com/blogs/daily-ticker/age-america-end-2016-china-blows-past-us-154221921.html


Will the 'Age of America' end in 2016?
From Peter Shadbolt for CNN
April 26, 2011 9:00 a.m. EDT

(CNN) -- Is the "Age of America" drawing to a close? According to the International Monetary Fund (IMF), its demise as the leading economic power is five years away and the next president of the United States will preside over an economy that plays second fiddle to China's....

Link:
http://www.cnn.com/2011/BUSINESS/04/26/us.china.economy/index.html