Rapid development: A heavy-machinery factory in Shandong province, China. The country’s nominal GDP came in at US$17.8 trillion in 2021, according to the IMF. — AFP
Recently, people have been discussing a heated topic: the gap between China’s gross domestic product (GDP) and that of the United States is getting bigger and bigger.
According to statistics from the International Monetary Fund (IMF), calculated by the exchange rate method, in 2021, China’s and the United States’ nominal GDPs were US$17.76 trillion and US$23.59 trillion US dollars, respectively, with China’s nominal GDP accounting for 75.27% of the United States’.
