China closes in on United States


Chines e migr an t work ers look after their childr en in a villag e in rur al Qingdao city , Shandong pr ovince. Real living standar ds in China remain well behind thos e in the United States. — EPA

The expectation that China will overtake the United States economy as early as this year raises many concerns about the standard of life in China.

Gross domestic product by the United States in 2011 amounted to US$15.533 trillion, over twice of China’s US$7.321 trillion, said the Economic Times of India (ET).

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