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>China surpassed the US in GDP normalized to PPP in 2014 Non-PPP-normalized GDP is a better metric than normalized GDP in this case, as it also captures the ab
by logicchains 6y ago
>China surpassed the US in GDP normalized to PPP in 2014
Non-PPP-normalized GDP is a better metric than normalized GDP in this case, as it also captures the ability of their economy to purchase things on the international market. China doesn't make all its military technology internally (and couldn't given it still hasn't caught up to the state of the art in e.g. semiconductors).