Industrial Production Shines.
On December 6th 2014, CNN shocked this country's financial community, with the headline: (quote) “China Surpasses U.S. To Become Largest World Economy.”
That can't be, we said. Not true. We blustered and sputtered.
But it was true...in a limited sense.
It turned out that the headline was based on a Report from the International Monetary Fund, which measured the world's economy's by their output. How much a country produced.
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The Clash Of Two Economic Models.
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