From Jeffrey Sachs:
According to the IMF, China’s GDP will be $17.6 trillion in 2014, outstripping US output of $17.4 trillion. Of course, because China’s population is more than four times larger, its per capita GDP, at $12,900, is still less than a quarter of the $54,700 recorded in the US, which highlights America’s much higher living standards.
In other U.S. – China news, the NSA is worried that China has the ability to crash the U.S. electrical grid with a cyber attack:
China and “one or two others” can shut down the U.S. electric grids and other critical infrastructure and is performing electronic reconnaissance on a regular basis, said NSA director Admiral Michael Rogers, testifying Thursday (Nov. 20) at a House Select Intelligence Committee hearing on U.S. efforts to combat cybersecurity.