| − | In 1985, based on [[IMF]] data<ref>https://www.imf.org/en/Publications/SPROLLs/world-economic-outlook-databases</ref>, China was the eleventh largest economy, with a GDP of $313 billion, below the United States, Soviet Union, Japan, Germany, United Kingdom, France, Italy, Canada, Spain, and the Netherlands. China quickly got to tenth in 1990, with its $398 billion. China managed to get to eight in just five years, with a GDP of $737 billion. However, during this time, the Russian economy was collapsing, which meant that China went to seventh. The Italian economy got overtaken by the Chinese economy of $1.215 trillion in 2000. However, China nearly tied France and England around the $2.5 trillion mark. When the [[2008 financial crisis]] hit America and Europe, China boomed even further, becoming the 3rd largest economy in 2010, nearly tying Japan, with a $6 trillion GDP. It went up to $11 trillion in 2015, clearly becoming the 2nd largest economy. In 2020, it hit 100 trillion yuan ($15.21 trillion). China is expected to get to $22 trillion in 2025, and possibly hit $30 trillion before the US does, in 2030. The media appears to be cheering for China.<ref>https://danaloesch.com/some-media-democrats-diligently-defending-communist-china/</ref> | + | In 1985, based on [[IMF]] data<ref>https://www.imf.org/en/Publications/SPROLLs/world-economic-outlook-databases</ref>, China was the eleventh largest economy, with a GDP of $313 billion, below the United States, Soviet Union, Japan, Germany, United Kingdom, France, Italy, Canada, Spain, and the Netherlands. China quickly got to tenth in 1990, with its $398 billion. China managed to get to eight in just five years, with a GDP of $737 billion. However, during this time, the Russian economy was collapsing, which meant that China went to seventh. The Italian economy got overtaken by the Chinese economy of $1.215 trillion in 2000. However, China nearly tied France and England around the $2.5 trillion mark. When the [[2008 financial crisis]] hit America and Europe, China boomed even further, becoming the 3rd largest economy in 2010, nearly tying Japan, with a $6 trillion GDP. It went up to $11 trillion in 2015, clearly becoming the 2nd largest economy. In 2020, it hit 100 trillion yuan ($15.21 trillion), when the United States went down to $20 trillion, and Japan went down to $5 trillion, because of the [[CCP pandemic]]. China is expected to get to $22 trillion in 2025, and possibly hit $30 trillion before the US does, in 2030. The media appears to be cheering for China.<ref>https://danaloesch.com/some-media-democrats-diligently-defending-communist-china/</ref> |