What happened to the US and China in the last 2 decades?
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For more than a century, the United States has been the world's biggest economy, accounting for over 24% of the world’s gross domestic product or GDP in 2020, according to figures from the World Bank.
But change is afoot.
Both International Monetary Fund and the World Bank now rate China as the world’s largest economy based on Purchasing Power Parity.
So, what happened to the US and China in the last 2 decades? Let’s figure out the trajectory development of both countries.
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