Los Angeles Business Journal

Report: China to Overtake U.S. Economy, Maybe This Year

Wednesday, April 30, 2014

A new World Bank reports says the United States may lose its status as the world's largest economy — measured by its currency's purchasing power — sooner than expected, CNBC reports. China is downplaying the report's prediction, possibly to avert pressure to take on financial obligations or make concessions on climate change, the Associated Press reports.