Old News: China Leads U.S. iIn Global Output

Its official, notes Brett Arends in MarketWatch. The Chinese economy is now official number one in the world, as Arends says its time for the U.S. to “throw away that big, fat styrofoam finger.” Citing the release of the International Monetary Fund’s latest gross domestic product numbers alongside purchasing power, and low and behold, China now tops the list. China’s economic output The basis of this sobering fact is output of “real” goods and services. As trade deal after trade deal have allowed U.S. manufacturers to offshore manufacturing jobs, China’s economic output this year is $17.6 trillion, compared to $17.4 trillion…