In terms of geopolitical significance, such as ability to wage war (modern industrial wars being heavily dependent on manufacturing capacity) then PPP is pretty

In terms of geopolitical significance, such as ability to wage war (modern industrial wars being heavily dependent on manufacturing capacity) then PPP is pretty relevant. If anything, that probably under-estimates China’s industrial capacity compared to the US. https://www.statista.com/chart/amp/20858/top-10-countries-by-share-of-global-manufacturing-output/ https://www.statista.com/chart/amp/20858/top-10-countries-by...