GDP actually understates it.In GDP-PPP terms: China is already #1, India is #3, and Russia is #4.Balaji (@balajis):@Teawisher If they're so weak, then how did Russia (with help from China) fight all of NATO to a standstill in Ukraine?The alternative view is this: the World Bank reported that Russia flipped Japan in 2023 to become the fourth largest global economy in GDP PPP terms.[1]: https://t.co/n1OkW9ObzP ...

🚨MARKETS: CHINA NOW BEHIND 20% OF GLOBAL ECONOMYChina's market share of the world's economy has risen to as high as 19.6% as of the latest data.This is up from just 2.9% in 1985 - An increase of more than 575% on the space of around forty years.Data, BRICS https://t.co/ybpBbYx5qF ...

Among economic giants, China is praised for its efficient handling of disruptive change. But the country’s management of transformation is not a gentle process https://t.co/v6KOWp98Lf ...

From Greece to Rome to Britain to America.From the Massachusetts Bay Colony, to the Wild West, to San Francisco.The technological frontier kept moving West, till it reached the Pacific Ocean.But if the wealth seizures destroy Silicon Valley, as they are intended to do and likely eventually will…where will the frontier go next?To the Far East, and to the cloud.To China, and the Internet. ...

“If India can raise its share to double digits just as China vacates that export space, it could create tens of millions of manufacturing jobs,” argues Arvind Subramanian. “That shift is already under way” https://t.co/2XGewTt5xC ...

It's great to see you, and welcome to Bloomberg TV and radio. Thank you for having me. As a member of the EU, as a NATO member, are you encouraged or discouraged by this never ending series of talks with Russia.We have to be optimistic. It's an imperative of the diplomatic world these days. But Romania's stance has been very clear from the beginning of the war and will continue to be clear.We need to both increase the support for Ukraine to have the resilience that they need through this process, especially ...

If you're mostly just importing without exporting, you're just accumulating trade deficits. It's not obvious where all those people are supposed to go. There's not a new set of activities opening up simultaneously.It was quite a challenge for the United States. We didn't manage it particularly well. And I think it's actually in many ways more challenging now than it was 20 years ago because China has moved so far up the value chain.When the China shock hit the United States in 2000, China was not exporting ...

Biggest lie that the US administration pushes crypto is to beat China.China doesn’t want to do anything with crypto. Just ban and restrict it as much as possible. https://t.co/E7e4RrBXHCMuyao (@MuyaoShen):*CHINA BANS UNAPPROVED YUAN-LINKED STABLECOIN ISSUANCE OVERSEAS*CHINA BANS REAL-WORLD ASSET TOKENIZATION ACTIVITIES ...

Norway’s foreign intelligence service sees a growing risk of a more assertive Russia and China as the US pulls back from international cooperation and institutions https://t.co/vEN7aQ6RJ9 ...

Trump's nuclear arms control push with Russia hinges on China https://t.co/lHTu9hNKsR ...