China continues it’s rise to power as BRICS leaves the IMF and WTO.  To date, China has sold off 39% of U.S. treasury bonds.  For the last 10 years China has steadily lowered it’s U.S. treasury holding and at this point China’s holdings is 39% off it’s high.

As of 2024, the United States has the largest economy in the world, with a nominal GDP of over $26 trillion. China is the second-largest economy, with a GDP of around $19 trillion. However, when measured by purchasing power parity (PPP), China surpasses the U.S., reflecting differences in cost of living and inflation rates between countries.

As of 2024, the purchasing power parity (PPP) GDP for the two largest economies is as follows:

• China: Approximately $33 trillion USD (PPP)
• United States: Approximately $27 trillion USD (PPP)

PPP adjusts for price level differences across countries, providing a more accurate comparison of the economic productivity and living standards between countries. This metric shows that China, despite having a lower nominal GDP, has a higher PPP GDP due to the generally lower cost of goods and services in China compared to the United States.