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China itself, which has been known to employ a little legerdemain when it comes to meeting or exceeding mandated growth targets, wants nothing to do with the crown that the ICP has bestowed on it.
China itself, which has been known to employ a little legerdemain when it comes to meeting or exceeding mandated growth targets, wants nothing to do with the crown that the ICP has bestowed on it.
(ANDY WONG/ASSOCIATED PRESS)

Even China doesn’t believe its revised global economic ranking

China’s fans can now look forward to shouting, “We’re No. 1” – at least when it comes to global economic rankings.

The Asian nation, already the key driver of global growth since the Great Recession flattened most Western economies in 2008-09, is poised to vault past the United States later this year and become the world’s largest economy, when measured by the purchasing power of its currency.