The Eastern superpower will soon outshine the U.S. as the world's largest economy, though sometimes size isn't all that matters
TOP FIVE COUNTRIES BY GLOBAL SHARE OF GROSS DOMESTIC PRODUCT
Based on purchasing-power parity
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2019 The year China’s economy will become larger than the U.S.’s (at about 18% of world share)
CHINA’S POPULATION WILL REMAIN POOR
$16,000 Projected per capita GDP in 2019, based on purchasing-power parity, compared with a projected $66,000 in the U.S.
ITS MANUFACTURING COSTS WILL RISE
102% Projected cost of manufacturing in China, compared with that in the U.S. in 2018, up from 96% of the U.S. cost now, in part because of rapidly rising wages
AND ITS GROWTH WILL NEGATIVELY IMPACT THE ENVIRONMENT
31% Projected share of global CO2 emissions in 2019, compared with 15% from the U.S.
SOURCES: IMF; BOSTON CONSULTING GROUP; U.S. ENERGY INFORMATION ADMINISTRATION
This appears in the September 08, 2014 issue of TIME.