Economics: Why China Will Overtake USA Sooner Than Many Think

(Drivebycuriosity) - Today we got disappointing news from the US economic front. US retails dropped in 1.2% from November to December and the year-over-year growth rate slowed to 2.3  (chart below calculatedrisk).

Retail sales are an important part of the consumer spending, the engine of the economy. So today´s numbers signal a slowdown of the already modest economic growth in the USA. Today´s numbers deliver are a sharp contrast to China´s economic numbers. China`s retail sales grew 8.2% in December, faster than in November (plus 8.1% economics).

So, an important part of China´s economy is growing much faster - about 4-times - than the US counterpart. China`s economy will overtake the US very fast.