China surpassed the United States in the Fortune 500 Global for the first time.
According to Russian political scientist Alexei Pushkov, the West can declare its dominance for a long time, but gradually we have to admit the obvious – China is becoming the world’s number one economic power.
“The gradual emergence of China to the role of the first economic power in the world is objective. China has been the world’s first trading power for several years. Since 2014, it has been ahead of the United States in terms of GDP in terms of purchasing power parity (data from the World Bank and IMF).
The United States still holds the 1st place in the world in terms of GDP in absolute terms, but by 2024 China will take this milestone as well. And the USA is, by and large, powerless here”, – Pushkov wrote in his Telegram channel.