IMF: China becomes world's largest economy

REUTERS

The volume of China’s economic output in 2014 amounted to $17.6 trillion, while in the United States it was $17.4 trillion, according to FoxNews , referring to a report of the International Monetary Fund (IMF).

Fourteen years ago the United States produced almost three times more than China. Now China’s economic output accounts for 16.5% of the global economy, compared with 16.3% in the United States, ZN.ua reports.