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MAY 08, 2014 - TheStreet

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Settle Down, China Isn't Overtaking U.S. Economic Power and Here's Why

NEW YORK (TheStreet) -- Quit worrying about China. Headline consumers in the past week learned that China's economy this year is passing the U.S. economy, and Chinese e-commerce giant Alibaba finally filed for an initial public offering on American public markets. The news isn't insignificant for a country that across some 30 years developed into an international heavyweight from a once, literally, starved nation. But the headlines miss the reality that China, despite its unprecedented growth, remains in the economic shadows of its more powerful and innovative 'competitors, namely, the ... Read More

Tags: Settle Down, China Isn't Overtaking U.S. Economic Power and Here's Why,  International Monetary Fund Latest News