I’ve spent an hour researching the issue, and clearly, 100% of the reports I find support your position.
I based my statement on a report and chart I thought I saw in Investors Business Daily in December.
Searched the IBD archive, but no luck.
From memory, USA was just above $2.1 trillion in 2011, China was just above $2.0 trillion.
In the past, there have been many heated trade debates on the correct method of converting foreign currencies into constant dollars.
However, I don’t recall that being mentioned in the article I read.
Thanks for bringing me up to date.
No problem.
There is (very) little discussion of this growing problem.
Especially on our side. Republicans who are spot on about other aspects of defense, are out to lunch about building a rival superpower in China.
Wake up people.